TUE 5/13: CMS – Shares Continue to Fall After Several Called SELL SIGNALS

10:12 PM – CMS has continued to slide following multiple called SELL SIGNALS, and shares are now testing potential support at the 200 DMA ($69.42).

I initially called a BUY SIGNAL on April 22 at $73.37, followed by a second entry on April 24 at $74.28, for a 2/3 position. The trade showed a modest gain early on, but began to lose momentum quickly. I issued three SELL SIGNALS: on April 24 at $74.16 (+0.46%), April 25 at $72.21 (-2.2%), and May 9 at $71.69 (-2.9%), exiting the position in thirds as weakness accelerated.

Shares has since dropped further and is now down -6.2%, with the open drawdown on this trade totaling –$1,240.86. At this point, I’m watching to see if the 200 DMA can hold as support — a key level that could lead to stabilization or even a rebound if buyers step in.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.

TUE 4/22: CMS – TRIGGERED OUR BUY SIGNAL @ $73.37

CMS Energy Corporation — (CMS – NYSE)

CMS Energy Corporation is a Michigan-based energy company primarily focused on utility operations through its principal subsidiary, Consumers Energy. Serving approximately 6.7 million of Michigan’s 10 million residents, Consumers Energy is the state’s largest electric and natural gas utility. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises, with the latter engaging in independent power production and marketing. CMS Energy is committed to delivering reliable and affordable energy while pursuing a cleaner energy future through investments in renewable energy and infrastructure modernization.

Symbol Buy Date Last Price Buy Price Position Size % Gain/Loss 1st Support 2nd Support Buy Time Sell Signals
CMS 04/22/2025 $73.70 $73.37 1/3 +0.45% 50 DMA 10 DMA 3:17 PM 0

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Technical Overview

  • Trend: CMS is trading within a rising trend channel, indicating increasing investor optimism and potential for continued price appreciation.