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CIGNA Bullish Moving Average Crossover Alert (CI)

By Amy Schwartz

CIGNA (NYSE:CI) crossed over its 10-day moving average of $128.03 on a volume of 134K 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 $128.74, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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 3.9%. 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