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Cigna Corp Set to Possibly Rebound After Yesterday's Selloff of 4.49%

By James Quinn

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.

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.

In the past 52 weeks, Cigna Corp share prices have been bracketed by a 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.

Keywords: rebounders cigna corp

Ticker(s): CI