• Return to Headlines

Centene Corp Set to Possibly Pullback After Yesterday's Rally of 23.14%

By Nick Russo

Centene Corp (NYSE:CNC) traded in a range yesterday that spanned from a low of $53.18 to a high of $54.06. Yesterday, the shares gained 23.1%, which took the trading range above the 3-day high of $53.12 on volume of 215,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Centene Corp has traded in a range of $41.62 to $74.49 and is now at $54.06, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.4%.

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: rebounders centene corp

Ticker(s): CNC