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Bullish Moving Average Cross by Centene (CNC)

By Amy Schwartz

Centene (NYSE:CNC) shares have crossed bullishly above their 10-day moving average of $61.30 on a volume of 253K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Centene share prices have been bracketed by a low of $47.36 and a high of $83.00 and are now at $61.43, 30% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Centene on September 6th, 2016 by issuing a Downtrend alert when the shares were trading at $65.54. Since that call, shares of Centene have fallen 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses centene

Ticker(s): CNC