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Bearish Moving Average Cross by Cms Energy Corp (CMS)

By James Quinn

Today, shares of Cms Energy Corp (NYSE:CMS) have crossed bearishly below their 10-day moving average of $50.15 on a volume of 294K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cms Energy Corp share prices have moved between a 52-week high of $50.85 and a 52-week low of $40.48 and are now trading 23% above that low price at $49.86 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Cms Energy Corp on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.88. Since that recommendation, shares of Cms Energy Corp have risen 13.0%. 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