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SmarTrend Watching for Potential Pullback in Shares of Centene Corp After 3.78% Gain

By David Diaz

Centene Corp (NYSE:CNC) traded in a range yesterday that spanned from a low of $64.47 to a high of $67.25. Yesterday, the shares gained 3.8%, which took the trading range above the 3-day high of $63.22 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Centene Corp share prices have moved between a 52-week high of $68.64 and a 52-week low of $41.62 and are now trading 63% above that low price at $67.98 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.

Keywords: rebounders centene corp

Ticker(s): CNC