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Cummins Inc. Message Board

  • kurlabr kurlabr Feb 3, 2012 11:52 AM Flag

    Light volume on big move! $120 is first level to downside

    Stock has not traded on strong volume on todays follow through to the upside. There was a battle at $120 and it appears the first level where institutions started profit taking. I assume every .50 cent level to teh upside will be a battle. Todays long has been such easy money but now if you are not ini this stock yet, be carefulas I really think $115 level could happen today and fast. This is a thin stock and when they decide to sell it, it moves fast! Yesterday it dropped about $1 on a similar trading pattern over about a 20 second period. It squeezed higher and higher and seemed really strong, but due to its thin volume, it traded down fast and never went back up for the day. Good luck fellow day traders.

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