OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday June 3rd is Cummins Inc (CMI). CMI is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 0.09% move higher and it’s 1m and 6m trend just turned bullish on 5/25 while bouncing higher off its $55 support level.

Cummins Inc’s 1m and 6m trends turned bullish on 5/26 while breaking above its $111 resistance level on high volume. With a technical score of 9 (out of 10), CMI looks positioned to continue this strong bullish trend higher.

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