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Centene Corp Crosses Below its 10-day MA (CNC)

By Amy Schwartz

Centene Corp (NYSE:CNC) shares have crossed bearishly below their 10-day moving average of $49.31 on a volume of 677K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Centene Corp share prices have been bracketed by a low of $45.44 and a high of $74.49 and are now at $48.47, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Centene Corp on June 27th, 2019 by issuing a Downtrend alert when the shares were trading at $52.25. Since that call, shares of Centene Corp have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses centene corp

Ticker(s): CNC