Today's Technical View on Cia Energetica de Minas Gerais, NextEra Energy, CMS Energy, and DTE Energy

Today's Technical View on Cia Energetica de Minas Gerais, NextEra Energy, CMS
                            Energy, and DTE Energy

PR Newswire

LONDON, March 15, 2013

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

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 

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 

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 

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

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