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SmarTrend Watching for Potential Pullback in Shares of Cigna Corp After 3.04% Gain

By Shiri Gupta

Cigna Corp (NYSE:CI) traded in a range yesterday that spanned from a low of $151.73 to a high of $155.95. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $152.42 on volume of 772,000 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, shares of Cigna Corp have traded between a low of $141.95 and a high of $226.61 and are now at $155.41, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.4% lower and 1.07% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Cigna Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cigna Corp in search of a potential trend change.

Keywords: rebounders cigna corp

Ticker(s): CI