Today's Water-Logged And Getting Wetter Stock: CMS Energy (CMS)

Trade-Ideas LLC identified CMS Energy ( CMS) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified CMS Energy as such a stock due to the following factors:

  • CMS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $70.4 million.
  • CMS has traded 546,038 shares today.
  • CMS traded in a range 205.7% of the normal price range with a price range of $1.22.
  • CMS traded below its daily resistance level (quality: 3 days, meaning that the stock is crossing a resistance level set by the last 3 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower.

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More details on CMS:

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The stock currently has a dividend yield of 2.8%. CMS has a PE ratio of 24. Currently there are 2 analysts that rate CMS Energy a buy, no analysts rate it a sell, and 7 rate it a hold.

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