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CIGNA Crosses Above its 10-day MA (CI)

By Nick Russo

Today, shares of CIGNA (NYSE:CI) have crossed bullishly above their 10-day moving average of $131.77 on a volume of 209K shares. This may provide swing traders with 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 $121.87 to $170.68 and is now at $133.16, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for CIGNA and will alert subscribers who have CI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses CIGNA

Ticker(s): CI