CMS, CMS Energy Corporation, Targeting $18

March 17, 2011 in Daily Outlook

image thumb33 CMS, CMS Energy Corporation, Targeting $18

CMS, CMS Energy Corporation, targeting $18 for May Option Expiration.  Should find support somewhere near that price level or a the bottom of it’s ascending channel.  From there it should climb to $21 to find resistance at the top of it’s established cone or $22 at the top of it’s ascending channel.

image thumb34 CMS, CMS Energy Corporation, Targeting $18

CMS shows historic support at the 200 EMA.

Option Strategies to Consider – Current Price $18.75

Theoretical Price would have the $20 strike Sept Put at $2.73 (premium collected and max profit) if within the next 7 days the underlying falls to $18.  If put to you, it would be an effective buy in at $17.23.


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