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Cno Financial Gr Set to Possibly Pullback After Yesterday's Rally of 1.30%

By Amy Schwartz

Cno Financial Gr (NYSE:CNO) traded in a range yesterday that spanned from a low of $22.60 to a high of $23.13. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $22.71 on volume of 846,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Cno Financial Gr share prices have been bracketed by a low of $14.30 and a high of $26.47 and are now at $22.63, 58% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cno Financial Gr on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $24.20. Since that call, shares of Cno Financial Gr have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders cno financial gr

Ticker(s): CNO