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Cno Financial Gr Set to Possibly Rebound After Yesterday's Selloff of 1.66%

By Nick Russo

Cno Financial Gr (NYSE:CNO) traded in a range yesterday that spanned from a low of $23.07 to a high of $23.49. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $23.30 on volume of 431,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Cno Financial Gr share prices have moved between a 52-week high of $23.95 and a 52-week low of $14.30 and are now trading 62% above that low price at $23.11 per share. The 200-day and 50-day moving averages have moved 0.05% lower and 0.44% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cno Financial Gr on July 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.23. Since that recommendation, shares of Cno Financial Gr have risen 10.9%. We continue to monitor CNO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders cno financial gr

Ticker(s): CNO