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Bullish Moving Average Cross by CIGNA (CI)

By Amy Schwartz

CIGNA (NYSE:CI) shares have crossed bullishly above their 10-day moving average of $129.03 on a volume of 107K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, CIGNA has traded in a range of $123.54 to $170.68 and is now at $129.71, 5% above that low. The 200-day and 50-day moving averages have moved 0.24% lower and 0.01% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of CIGNA on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $133.02. Since that call, shares of CIGNA have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses CIGNA

Ticker(s): CI