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

By Shiri Gupta

Shares of Centene Corp (NYSE:CNC) traded today at $132.25, breaking its 52-week high. This new high was reached on below average trading volume as 80,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Based on a current price of $131.62, Centene Corp is currently 1.6% above its average consensus analyst price target of $129.50. The stock should find initial support at its 50-day moving average (MA) of $119.99 and further support at its 200-day MA of $106.06.

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.

In the past 52 weeks, Centene Corp share prices have been bracketed by a low of $79.06 and a high of $132.25 and are now at $131.62, 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.6%.

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

Keywords: 52 week high/lows centene corp

Ticker(s): CNC