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.

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