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Watch for Centene Corp to Potentially Pullback After Gaining 1.33% Yesterday

By Amy Schwartz

Centene Corp (NYSE:CNC) traded in a range yesterday that spanned from a low of $60.18 to a high of $61.01. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $60.47 on volume of 817,000 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 Centene Corp have traded between a low of $41.62 and a high of $74.49 and are now at $60.63, which is 46% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.2%.

SmarTrend is tracking the current trend status for Centene Corp and will alert subscribers who have CNC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders centene corp

Ticker(s): CNC