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Shares of Cigna Corp Rise Above Previous 52-Week High

By Nick Russo

Cigna Corp (NYSE:CI) traded at a new 52-week high today of $174.40. This new high was reached on below average trading volume as 174,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Potential upside of 2.4% exists for Cigna Corp, based on a current level of $173.62 and analysts' average consensus 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.

In the past 52 weeks, shares of Cigna Corp have traded between a low of $115.03 and a high of $174.40 and are now at $173.62, which is 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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.

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 13.1%. 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