Today's Technical View on Cia Energetica de Minas Gerais, NextEra Energy, CMS Energy, and DTE Energy
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130315:nPn3157245 LONDON, March 15, 2013 /PRNewswire/ -- The Dow Jones closed higher for the tenth consecutive session, marking its longest streak since 1996. Other major indices also continued their upward march. With bullish stock markets and improved economic scenario, the dollar also seems to be consolidating its position and gaining strength. The stock markets also saw strong cross-border inflow of funds in the range of $100 billion to $150 billion for 2013. Our research team took a look at Utilities sector, focusing on the electric utilities industry which includes major companies like Cia Energetica de Minas Gerais (NYSE: CIG), NextEra Energy Inc. (NYSE: NEE), CMS Energy Corporation (NYSE: CMS) and DTE Energy Co (NYSE: DTE). StockCall initiated free in-depth technical analysis on CIG, NEE, CMS, and DTE which are currently available upon sign up at http://www.stockcall.com/research Cia Energetica de Minas Gerais traded in the range of $12.63 and $12.84 in yesterday's trading session. Its volume stood at 2.825 million shares, up from its average daily volume of 3.378 million. The company closed the session at $12.76, up 0.39 percent. The stock is currently trading above its short-term moving average price of $12.71, showing a bullish trend. In the coming sessions, Cia Energetica is expected to go as high as $12.95, while its first support level is at $12.55. The stock trades at low Price/Earnings ratio of 6.32, making it an inexpensive stock to own. It has appreciated 18.15 percent on a YTD basis. Sign up for the free technical analysis on CIG at http://www.StockCall.com/CIG031513.pdf NextEra Energy Inc. closed its Thursday's trading session at $74.01, up 0.35 percent from its previous close. The stock shows a bullish trend but currently is in the overbought territory with Relative Strength Index of 73.3. It is likely to face a pullback in the coming trading sessions and may find support at $73.85. Upon breaching this level, it may go down to $73.65 level. NextEra traded 2.33 million shares during yesterday's session, and the stock oscillated in the range of $73.25 and $74.05. It has appreciated 23.33 percent in the past 52 weeks. Download the free report on NEE by registering at http://www.StockCall.com/NEE031513.pdf CMS Energy Corporation made an upward move with 0.89 percent gain in its latest trading session. The company's stock ended at $27.35 and its highest price point for Thursday's session stood at $27.36, which is also its new 52 weeks high. In the past 12 months, the stock has appreciated 24.94 percent while its YTD gain stands at 13.72 percent. CMS Energy trades at beta of 0.45, which implies low volatility. It traded 2.01 million shares during yesterday's session, in comparison to its regular daily volume of 2.30 million shares. The free report on CMS can be downloaded by signing up now at http://www.StockCall.com/CMS031513.pdf DTE Energy Co. extended its 52 weeks gains to 19.92 percent by closing Thursday's trading session 0.21 percent higher. The stock closed at $66.41, with trading volume of 681,598 shares. It is up 11.78 percent on a YTD basis. DTE Energy is currently in a bullish mode and is expected to go up to $66.64 in the coming sessions. Its next resistance level is at $66.88. On the downside, it is expected to face its first support level at $66.25. The electric utilities company traded in the range of $53.70 and $67.78 in the past 52 weeks. Free report on DTE can be accessed by registering at http://www.StockCall.com/DTE031513.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com Contact Person: William T. Knight Email: firstname.lastname@example.org Contact Number: +1(646)-396-9857 (9:00 am EST - 01:30 pm EST) SOURCE StockCall.com