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SmarTrend Watching for Potential Pullback in Shares of Cigna Corp After 2.04% Gain

By David Diaz

Cigna Corp (NYSE:CI) traded in a range yesterday that spanned from a low of $186.88 to a high of $190.87. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $189.71 on volume of 871,000 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, Cigna Corp share prices have been bracketed by a low of $163.02 and a high of $227.13 and are now at $190.53, 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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.

Keywords: rebounders cigna corp

Ticker(s): CI