Trade Idea for CMS Energy Corporation (NYSE)

CMS Energy Corporation (NYSE)

#CMS

    The trend is bullish. The stock is trading within the range of the 365 and 135 EMAs. The internal downward truncated wave structure has ended with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on a breakout above 70.73.

Stop Loss: 70.25.

Target levels: 71.34; 72.50.