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Recent 52-Week High Exceeded in Shares of Cigna Corp (CI)

By James Quinn

Cigna Corp (NYSE:CI) traded at a new 52-week high today of $183.33. Approximately 161,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Cigna Corp (NYSE:CI) is currently priced 2.7% above its average consensus analyst price target of $177.83. Cigna Corp shares have support at the 50-day moving average (MA) of $138.62 and additional support at the 200-day MA of $138.58.

Cigna Corporation, through its subsidiaries, provides group life and health insurance, managed care, retirement products and services, and individual financial services worldwide. The Company also sells individual life and health insurance and annuity products in selected international locations.

Cigna Corp share prices have moved between a 52-week high of $183.33 and a 52-week low of $115.03 and are now trading 59% above that low price at $182.75 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Cigna Corp 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 Corp have risen 18.5%. We continue to monitor CI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cigna corp

Ticker(s): CI