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CIGNA Crosses Above its 10-day MA (CI)

By David Diaz

CIGNA (NYSE:CI) crossed over its 10-day moving average of $157.23 on a volume of 498K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 39% above that low price at $160.00 per share. Over the last five market days, 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