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Watch for Cigna Corp to Potentially Pullback After Gaining 1.09% Yesterday

By James Quinn

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.

In the past 52 weeks, Cigna Corp share prices have been bracketed by a low of $115.03 and a high of $227.13 and are now at $173.69, 51% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.01% higher over the past week, respectively.

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