Cummins Offering Possible 6.95% Return Over the Next 29 Calendar Days

Cummins's most recent trend suggests a bullish bias. One trading opportunity on Cummins is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 6.95% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $9.35 would be incurred if the stock dropped below the $125.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Cummins is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Cummins is bullish.

The RSI indicator is at 75.34 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cummins

CUMMINS INC Financials
Sat, 22 Feb 2014 18:04:08 GMT

Obama Draws Mixed Response to Tighter Fuel Standards for Heavy Trucks
Sat, 22 Feb 2014 03:05:00 GMT

Coverage initiated on Cummins by Deutsche Bank
Thu, 20 Feb 2014 20:15:49 GMT

Cummins Names Jim Schacht General Manager — Commercial Marine
Thu, 20 Feb 2014 15:13:08 GMT
noodls – CHARLESTON, S.C., Feb. 20, 2014 /PRNewswire/ — Cummins Inc. (NYSE: CMI) has named Jim Schacht General Manager for the Commercial Marine Business. Working in close cooperation with the Cummins distributor …

Cummins Names Jim Schacht General Manager — Commercial Marine
Thu, 20 Feb 2014 13:30:00 GMT
PR Newswire – CHARLESTON, S.C., Feb. 20, 2014 /PRNewswire/ — Cummins Inc. (NYSE: CMI) has named Jim Schacht General Manager for the Commercial Marine Business. Working in close cooperation with the Cummins distributor …

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