Cummins (CMI) Offering Possible 29.87% Return Over the Next 16 Calendar Days

Cummins's most recent trend suggests a bullish bias. One trading opportunity on Cummins is a Bull Put Spread using a strike $145.00 short put and a strike $140.00 long put offers a potential 29.87% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $140.00 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 73.38 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cummins

Department of Energy Recognizes Cummins for Deep Energy Retrofit at Jamestown Engine Plant
Thu, 06 Nov 2014 16:36:22 GMT
noodls – JAMESTOWN, N.Y. – As a part of its effort to increase energy efficiency nationwide through the Better Buildings, Better Plants Challenge, the Energy Department today recognized Cummins Inc. (NYSE: CMI) …

New balance of power on Capitol Hill…but no change in stock prices
Wed, 05 Nov 2014 21:29:50 GMT

CUMMINS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
Tue, 04 Nov 2014 21:37:50 GMT

CUMMINS INC Financials
Tue, 04 Nov 2014 18:04:11 GMT

Cummins Launches QSK50 Optimized for Variable Speed Diesel Electric Applications
Mon, 03 Nov 2014 13:34:36 GMT
noodls – CHARLESTON, S.C., Nov. 3, 2014 /PRNewswire/ — Cummins Inc. (NYSE: CMI) a leading manufacturer of diesel engines for the commercial marine industry, is pleased to announce the availability of the QSK50 …

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