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Bearish Moving Average Cross by Cms Energy Corp (CMS)

By Amy Schwartz

Cms Energy Corp (NYSE:CMS) shares have crossed bearishly below their 10-day moving average of $58.66 on a volume of 246K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cms Energy Corp has traded in a range of $45.50 to $59.34 and is now at $58.26, 28% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.46% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cms Energy Corp on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.66. Since that recommendation, shares of Cms Energy Corp have risen 14.1%. We continue to monitor CMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cms energy corp

Ticker(s): CMS