HomeBusinessIndustrialsTechnical Analysis: Cummins (CMI) & Canadian Solar (CSIQ)
Technical Analysis: Cummins (CMI) & Canadian Solar (CSIQ)

"The construction machine and heavy truck stocks are collectively down about 15% year-to-date, but Cummins Inc. (CMI) stock price is only down 2.5% year-to-date. The CMI stock peaked in March 2021. Now, the 50 DMA or daily moving average has risen enough to break through the 200 DMA to the upside, which can be called a golden-cross. Also, Canadian Solar (CSIQ) stock price has enjoyed a nice breakout since late July's gap move. The only semiconductor stocks that have been positive recently are solar stocks," says Kevin Horner.

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