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Where’s CMS Energy Stock Headed Now?



Chart indicators

CMS Energy (CMS) surged nearly 30% in the first half of 2016 and then trended primarily downward afterward. It is currently trading at a 2% premium to its 50-day MA (moving average) and nearly on par with its 200-day MA. Its 50-day MA, at nearly $41.27, may act as a support, while its 200-day MA, at $42.20, is likely to act as a resistance in the short term.

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Relative strength index

RSI is a momentum indicator made up of values between zero and 100. Movements below 30 are considered to be in the “oversold” zone, while movements above 70 are considered to be in the “overbought” zone and can hint at an imminent reversal in the stock’s price.

CMS’s RSI (relative strength index) currently stands at 50.


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