Centene Crosses Below its 10-day MA (CNC)
Today, shares of Centene (NYSE:CNC) have fallen below their 10-day MA of $72.46 on a volume of 5.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Centene have traded between a low of $47.36 and a high of $83.00 and are now at $68.90, which is 45% 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 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 20.8%. We continue to monitor CNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses centene