Cigna (CI) Offering Possible 14.81% Return Over the Next 35 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $220.00 short call and a strike $240.00 long call offers a potential 14.81% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $2.58 would be kept by the premium seller. The risk of $17.42 would be incurred if the stock rose above the $240.00 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 52.87 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

Cigna commercial customers could lose in-network coverage at Brookwood Baptist Health
Wed, 14 Nov 2018 16:52:46 +0000
Cigna commercial customers at Brookwood Baptist Health could lose in-network coverage unless Tenet and the insurer come to an agreement.

Cigna Collaborates with Annum Health to Introduce a Digital Health Solution to Help People Reduce Alcohol Consumption
Wed, 14 Nov 2018 13:00:00 +0000
BLOOMFIELD, Conn.– — Innovative program allows people to privately connect with health professionals and peers, track their alcohol consumption, and take steps to improve well-being Cigna is the first health service company to collaborate with Annum Health Global health service company Cigna is collaborating with Annum Health to offer an innovative, digital health support solution to help people …

Cigna Helps Customers Affected by California Wildfires, Cigna Foundation Donates $25,000 to the American Red Cross for Recovery
Tue, 13 Nov 2018 16:30:00 +0000
The Cigna Foundation is donating $25,000 to the American Red Cross to help California residents recover from wildfires sweeping the state, and will match Cigna employee donations made to the American Red Cross, up to $100,000. “Our hearts break when we see the terrible destruction from these fires and we are committed to supporting the relief efforts of the American Red Cross. Working together with national and local relief organizations, we hope to help make this difficult time easier for everyone affected,” said Mary Engvall, executive director of the Cigna Foundation.

Here's Why Momentum Investors Will Love Cigna (CI)
Tue, 13 Nov 2018 15:00:03 +0000
Does Cigna (CI) have what it takes to be a top stock pick for momentum investors? Let's find out.

See what the IHS Markit Score report has to say about Cigna Corp.
Tue, 13 Nov 2018 13:00:16 +0000
Cigna Corp NYSE:CI

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