The Relative Strength (RS) Rating for Cummins jumped into a higher percentile Tuesday, as it got a lift from 70 to 73.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their largest price moves. See if Cummins can continue to show renewed price strength and clear that threshold.
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While the stock is not near a proper buy point right now, see if it is able to form and break out of a proper base.
Cummins posted 25% EPS growth last quarter, while sales growth came in at -1%.
Cummins holds the No. 1 rank among its peers in the Trucks & Parts-Heavy Duty industry group. China Yuchai Intl and Oshkosh are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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