CMS Crosses Critical Technical Indicator
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets CMS CMS Crosses Critical Technical Indicator September 26, 2023 — 04:45 pm EDT Written by BNK Invest for BNK Invest-> In trading on Tuesday, shares of CMS Energy Corp (Symbol: CMS) entered into oversold territory, changing hands as low as $53.91 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of CMS Energy Corp, the RSI reading has hit 28.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 44.3, the RSI of WTI Crude Oil is at 61.7, the RSI of Henry Hub Natural Gas is presently 46.2, and the 3-2-1 Crack Spread RSI is 28.9. A bullish investor could look at CMS's 28.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), CMS's low point in its 52 week range is $52.41 per share, with $65.72 as the 52 week high point — that compares with a last trade of $53.93. CMS Energy Corp shares are currently trading off about 3.6% on the day. The CMS RSI information above was sourced from TechnicalAnalysisChannel.com Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other oversold energy stocks you need to know about » Also see: Historical Stock Price FXU Average Annual Return PDI market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags MarketsStocksEnergy BNK Invest BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
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