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After Yesterday's Rally of 2.19% Shares Could Potentially Pullback

By Amy Schwartz

Cms Energy Corp (NYSE:CMS) traded in a range yesterday that spanned from a low of $60.24 to a high of $61.17. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $60.50 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $51.65. Since that recommendation, shares of Cms Energy Corp have risen 15.7%. We continue to monitor CMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Cms Energy Corp share prices have moved between a 52-week high of $61.06 and a 52-week low of $47.63 and are now trading 28% above that low price at $61.06 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Keywords: rebounders cms energy corp

Ticker(s): CMS