CMS, CMS Energy Corporation, Targeting $18

March 17, 2011 in Daily Outlook

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. CMS shows historic support at the 200 EMA. Option Strategies to Consider – Current Price $18.75 Theoretical Price would have the $20 strike [...]