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Watch for Centene Corp to Potentially Rebound After Falling 3.91% Yesterday

By Amy Schwartz

Centene Corp (NYSE:CNC) traded in a range yesterday that spanned from a low of $67.08 to a high of $70.03. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $68.43 on volume of 6.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Centene Corp share prices have moved between a 52-week high of $74.70 and a 52-week low of $41.62 and are now trading 65% above that low price at $68.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Keywords: rebounders centene corp

Ticker(s): CNC