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Watch for Shares of Cigna Corp (CI) to Approach Support at $143.81

By James Quinn

Cigna Corp (NYSE:CI) has opened bearishly below the pivot of $154.65 today and has reached the first level of support at $147.43. Analysts will be watching for a cross of the next downside pivot targets of $143.81 and $132.97.

Potential upside of 43.4% exists for Cigna Corp, based on a current level of $149.56 and analysts' average consensus price target of $214.53. The stock should find initial resistance at its 50-day moving average (MA) of $172.88 and further resistance at its 200-day MA of $190.42.

In the past 52 weeks, Cigna Corp share prices have been bracketed by a current low of $149.56 and a high of $226.61 and are now at $149.56. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

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: pivot alerts cigna corp

Ticker(s): CI