Centene Crosses Below its 10-day MA (CNC)
Today, shares of Centene (NYSE:CNC) have crossed bearishly below their 10-day moving average of $68.20 on a volume of 336K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Centene share prices have moved between a 52-week high of $83.00 and a 52-week low of $47.36 and are now trading 42% above that low price at $67.45 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of Centene on May 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.30. Since that recommendation, shares of Centene have risen 11.1%. We continue to monitor CNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses centene