• Return to Headlines

CIGNA Bearish Moving Average Crossover Alert (CI)

By James Quinn

CIGNA (NYSE:CI) crossed under its 10-day moving average of $164.67 on a volume of 285K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

CIGNA share prices have moved between a 52-week high of $170.68 and a 52-week low of $115.03 and are now trading 42% above that low price at $163.52 per share. 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 subscribers consider buying shares of CIGNA on April 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $153.63. Since that recommendation, shares of CIGNA have risen 8.5%. We continue to monitor CI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses CIGNA

Ticker(s): CI