Cummins Shares Powering Ahead!

Following the market’s open this morning, I began the day how I normally do, looking to see if there were any new sto Oct 9th, 2024 Cummins Shares Powering Ahead! Dear Reader, Following the market’s open this morning, I began the day how I normally do, looking to see if there were any new stocks that looked strong enough to merit being added to my ‘Buy List’. As I was looking, one stock in particular really stood above the rest. The stock I am talking about is Cummins Inc., symbol: (CMI). You may be asking yourself, how did you find this stock, Chuck? Well, it was pretty simple really, let me tell you about one truly elementary screening method I consistently use to find stocks as they are breaking out to the upside. This one method I use to spot stocks in powerful uptrends is checking the daily ‘New 52-Week Highs’ list. If a stock like CMI appears on the New 52-Week Highs list for consecutive days, this series of new highs is a signal that the stock is currently experiencing a breakout higher. You can see below in the current chart of Cummins Inc. that the stock is displaying exactly the type of bullish breakout that I’m looking for. CMI shares have been making a series of new 52-Week Highs since late-September. The reason that I look for stocks that have recently made a series of new 52-Week Highs is that generally there is strong conviction from investors which translates to strong buying pressure for the stock. This flood of buying pressure will result in the stock making a move higher. Oftentimes, once a stock makes a series of new highs, the breakout is not over and done with, in fact, in many cases it’s just getting started. In powerful bull markets, stocks breaking out to the upside can often continue to trade higher for longer than most investors may think. So, when I spot a stock with a compelling breakout like CMI, this is a stock I want to add to my ‘Buy List’ so that I can keep an eye out for a good trade setup. Attention Investors and Traders! Curious about Chuck Hughes? Discover the secrets behind 23 profitable years in a row. [Get this Ebook now]( to get started! How I Would Look to Trade It Now that we have become aware of CMI’s bullish breakout higher, the next thing we want to search for is an attractive trading setup for the stock. I want to look to trade CMI’s trend and have the opportunity to capture some profits by placing an options trade on the stock. Below is a Call Option Debit spread for CMI that I found just this morning that would allow me to gain some exposure to the stock’s powerful bullish trend but also have some downside protection built in as well. Let me tell you how this works. Once I place a Call Option Debit spread, it has the ability to profit if the underlying stock/ETF is either up, flat, or even down a bit at option expiration. Below is a snapshot of my Call Option Debit Spread Calculator that shows the profit potential and downside protection analysis for my trade. This example examines a range of a 7.5% increase to a 7.5% decrease in CMI share price at option expiration. Looking at the trade analysis, the calculator shows that this one single trade, that would cost you only $615 to enter, has the ability to profit 62.6%. The calculator reveals that if CMI, at option expiration, were to increase, remain flat, or even drop by as much as 5.0%, this low-cost trade would be set up to make a 62.6% return! This Call Option Debit Spread strategy has been one of my absolute favorites to trade over the years and remains so today. The key behind it all is that by enabling your ability to profit if a stock is up, flat, or even down a bit gives you a much higher probability that your trade will end up a winner. The Hughes Optioneering Team is here to help you identify high-probability trades just like this one. Have Your Heard of Chuck’s Champion Trader? Have you heard? I have a brand-new system that I’m sharing for the first time ever! I call it [Chuck’s Champion Trader](! As I mentioned, I’ve never shared this until NOW! As a member of Trade of the Day, I’m giving you early access to become a founding member of [Chuck’s Champion Trader](. For more information, call my team at (866) 661-5664 or click the button below to schedule a call. Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at [dailytrade@chuckstod.com]( *Trading incurs risk and some people lose money trading. --------------------------------------------------------------- See Related Articles [ADSK: Is this Stock a Coiled Spring?]( [Still Time to Jump on This ‘Buy’?]( [Arista Networks Printing Fresh Highs]( [CAT: The Technicals Suggest a ‘Buy’]( --------------------------------------------------------------- [TradeWins Logo](  © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add [todaystrade@chuckstod.com]( to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC (“Legacy”) Trading Services, newsletters and educational publications (“Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. This email was sent to {EMAIL} by chuckstod@tradewins.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](