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After Yesterday's Decline of 4.49%, Cigna Corp Offers Investors Better Value

By David Diaz

Cigna Corp (NYSE:CI) traded in a range yesterday that spanned from a low of $156.46 to a high of $161.88. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $159.73 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cigna Corp have traded between the current low of $156.46 and a high of $226.61 and are now at $156.46. The 200-day and 50-day moving averages have moved 0.08% lower and 1.2% lower over the past week, respectively.

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

Keywords: rebounders cigna corp

Ticker(s): CI