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Bearish Moving Average Cross by Centene Corp (CNC)

By Shiri Gupta

Today, shares of Centene Corp (NYSE:CNC) have fallen below their 10-day MA of $52.72 on a volume of 483K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Centene Corp share prices have moved between a 52-week high of $74.49 and a 52-week low of $45.44 and are now trading 15% above that low price at $52.33 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Centene Corp and will alert subscribers who have CNC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses centene corp

Ticker(s): CNC