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Look for Shares of Cigna Corp to Potentially Pullback after Yesterday's 1.09% Rise

By Shiri Gupta

Cigna Corp (NYSE:CI) traded in a range yesterday that spanned from a low of $171.72 to a high of $174.03. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $172.53 on volume of 627,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Cigna Corp share prices have moved between a 52-week high of $227.13 and a 52-week low of $115.03 and are now trading 51% above that low price at $173.69 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cigna Corp on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $204.24. Since that call, shares of Cigna Corp have fallen 16.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders cigna corp

Ticker(s): CI