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Cms Energy Corp Rises 1.24% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Cms Energy Corp (NYSE:CMS) traded in a range yesterday that spanned from a low of $63.63 to a high of $63.83. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $63.31 on volume of 465,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Cms Energy Corp has traded in a range of $47.63 to $63.75 and is now at $63.75, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.6%.

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 22.1%. We continue to monitor CMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders cms energy corp

Ticker(s): CMS