CFD Trading – Buy CMS Energy Corp. (CMS.NYS) @ $61.25. Stop @ $57.95 and Target @ $67.25.

CMS Energy Corp Stock Code CVS.NYS

Outlook

Price broke and closed above the cloud in the last trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is bullish and is hinting at a bullish price trend. If price can stay above the cloud, it could be heading towards the next resistance level at $67.25 in the next 2-3 weeks.

Strategy                  

$61.25                Buy

$67.25                Price Target

$57.95                Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.