Technical Analysis on Dover Corp. and Cummins Inc. - Cloudy Outlook for Diversified Machinery

Fri Nov 9, 2012 8:00am EST

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  NEW YORK, NY, Nov 09 (Marketwire) -- 
Companies within the diversified machinery industry turned in mixed
results as a whole in the third quarter. Several impressed with wider
margins, improved profits and increased revenues but also drew attention
to uneven demand amidst global economic uncertainty. Specifically, recent
results from Dover Corp. and Cummins Inc., were both encouraging while
also giving reason to be cautious. has initiated technical
analysis on Dover Corp. (NYSE: DOV) and Cummins Inc. (NYSE: CMI) which
serves the Diversified Machinery industry. These reports are free upon
registration. Rest assured that there is no financial commitment to sign
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    Positive reports were frequently tempered by declining sales in certain
markets. Namely, electronics, automotive and energy end-markets are all
showing signs of weakness at this time. Machinery makers with strong ties
to these are particularly vulnerable. Investors may want to look closely
at revenue breakdowns to mitigate exposure to waning demand. Read our
technical analysis on Dover Corp. by clicking on 

    Many are taking a proactive approach to demand uncertainty though.
Projects are being delayed or canceled, workforces reduced, output cut
and expenses slashed. These efforts should help soften the effects of
uneven demand but will likely make significant gains difficult. Our
technical analysis on Cummins Inc. is accessible at 

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