Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 12.49% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $8.89 would be incurred if the stock dropped below the $145.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Cigna is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Cigna is bullish.
The RSI indicator is at 79.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cigna
Cigna (CI) Stock Drops as DOJ Increases Healthcare Merger Scrutiny
Mon, 29 Jun 2015 20:45:00 GMT
DOJ Ready to Scrutinize Health Insurer Mergers, says WSJ
Mon, 29 Jun 2015 18:17:00 GMT
3 Health Care M&A Deals and How Billionaire Investors are Playing Them
Mon, 29 Jun 2015 17:09:00 GMT
Do Health Insurance Mergers Really Need to Sweat DOJ Reviews?
Mon, 29 Jun 2015 14:50:54 GMT
CIGNA (CI) Shares March Higher, Can It Continue? – Tale of the Tape
Mon, 29 Jun 2015 13:47:01 GMT
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