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Shares of Centene Corp Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Centene Corp (NYSE:CNC) traded at a new 52-week high today of $124.71. So far today approximately 227,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.

In the past 52 weeks, Centene Corp share prices have been bracketed by a low of $74.73 and a high of $124.71 and are now at $124.62, 67% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

Centene Corporation is a multi-line managed care organization that provides medicaid and medicaid-related programs. The Company has health plans in several states. The Company also provides specialty services, including behavioral health, nurse triage, and treatment compliance.

Centene Corp (NYSE:CNC) has potential upside of 3.9% based on a current price of $124.62 and analysts' consensus price target of $129.50. The stock should find initial support at its 50-day moving average (MA) of $113.23 and further support at its 200-day MA of $102.54.

SmarTrend recommended that subscribers consider buying shares of Centene Corp on March 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $106.10. Since that recommendation, shares of Centene Corp have risen 16.6%. We continue to monitor CNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows centene corp

Ticker(s): CNC