The trend has changed for CMI. Now making lower lows and lower highs. Looking for lower prices. Now 142+.
This company can fall a long way. When analysts raising price targets and stock continues to fall you know their actions are the opposite to their talk. GLTA!
corrections are healthy especially when the company is still doing great. they raised guidance. wasn't like they lowered it. I know end markets are weak outside of north America and china and they are still doing fantastic with earnings. I cant help thinking, how awesome CMI could do if all their end markets suddenly started getting better. I bought here on this correction.
The company is doing well. The difficulty will be the market. When the big brokers go short they take nearly everything down because much of the buying is them covering some of their shorts to provide a market. We have not seen a correction yet. I have been watching DORM this morning. They are still making all kinds of money also, yet it made a new 52 week low. Granted it doesn't trade the shares that CMI does so it is easier for the big money to move down. Hope CMI moves back up for you.