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Watch for Cms Energy Corp to Potentially Pullback After Gaining 1.08% Yesterday

By David Diaz

Cms Energy Corp (NYSE:CMS) traded in a range yesterday that spanned from a low of $61.06 to a high of $61.63. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $61.00 on volume of 251,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Cms Energy Corp have traded between a low of $47.63 and a high of $65.31 and are now at $61.56, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.5%.

SmarTrend is monitoring the recent change of momentum in Cms Energy Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cms Energy Corp in search of a potential trend change.

Keywords: rebounders cms energy corp

Ticker(s): CMS