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Magellan Health has the Best Relative Performance in the Managed Health Care Industry (MGLN , UNH , CNC , AET , CI )

By Amy Schwartz

We looked at the Managed Health Care industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Magellan Health (NASDAQ:MGLN ) ranks first with a gain of 2.00%; Unitedhealth Grp (NYSE:UNH ) ranks second with a gain of 0.74%; and Centene Corp (NYSE:CNC ) ranks third with a gain of 0.48%.

Aetna Inc (NYSE:AET ) follows with a gain of 0.19% and Cigna Corp (NYSE:CI ) rounds out the top five with a gain of 0.09%.

SmarTrend recommended that subscribers consider buying shares of Cigna Corp on August 1st, 2018 as our technology indicated a new Uptrend was in progress when shares hit $183.59. Since that recommendation, shares of Cigna Corp have risen 20.0%. We continue to monitor Cigna Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance magellan health unitedhealth grp centene corp aetna inc cigna corp

Ticker(s): MGLN UNH CNC AET CI