Cigna (CI) Offering Possible 11.48% Return Over the Next 29 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 11.48% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $8.97 would be incurred if the stock rose above the $170.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cigna is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Cigna is bearish.

The RSI indicator is at 29.34 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cigna

July 23 Premarket Briefing: 10 Things You Should Know
Thu, 23 Jul 2015 10:52:00 GMT

And Then There Were 3? Anthem Near $48 Bil Cigna Deal
Thu, 23 Jul 2015 03:27:00 GMT

Cigna shares jump as rival Anthem reportedly nears deal
Thu, 23 Jul 2015 00:55:00 GMT

Anthem Nearing Deal to Buy Cigna for $48 Billion
Thu, 23 Jul 2015 00:47:10 GMT

Anthem set to announce deal for Cigna this week – sources
Thu, 23 Jul 2015 00:29:21 GMT

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