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SmarTrend Watching for Potential Pullback in Shares of Cms Energy Corp After 1.21% Gain

By James Quinn

Cms Energy Corp (NYSE:CMS) traded in a range yesterday that spanned from a low of $64.12 to a high of $64.50. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $63.93 on volume of 574,000 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 November 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.77. Since that recommendation, shares of Cms Energy Corp have risen 3.4%. We continue to monitor CMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Cms Energy Corp has traded in a range of $48.79 to $65.31 and is now at $64.37, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders cms energy corp

Ticker(s): CMS