Cigna (CI) Offering Possible 19.33% Return Over the Next 22 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $197.50 short put and a strike $192.50 long put offers a potential 19.33% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $197.50 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $192.50 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 78.32 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

UnitedHealth Stock Hit 52-Week High in September: What’s Next?
Tue, 25 Sep 2018 17:35:02 +0000
On September 24, UnitedHealth Group (UNH) ended the trading day at $267.36. The stock was marginally up ~0.26% from its previous day’s closing price. It hit its 52-week high of $271.16 on September 7. UNH stock was trading at its 52-week low of $186 on October 13, 2017.

Cigna's (CI) Subsidiary Receives Rating Actions From Moody's
Tue, 25 Sep 2018 15:06:03 +0000
Cigna's (CI) arm Halfmoon Parent gets credit ratings from Moody's Investors Service.

Wall Street Expects 9% Upside Potential for UnitedHealth Stock
Tue, 25 Sep 2018 15:02:31 +0000
UnitedHealth Group (UNH) is one of the largest Fortune 500 companies. It’s the largest health insurer in the United States. The company operates across two divisions: UnitedHealthcare and Optum. In this part of the series, we’ll look at analysts’ recommendations for UNH stock.

Halfmoon Parent, Inc. — Moody's assigns a P-2 commercial paper rating to Halfmoon Parent, Inc.
Fri, 21 Sep 2018 18:05:14 +0000
Rating Action: Moody's assigns a P-2 commercial paper rating to Halfmoon Parent, Inc. New York, September 21, 2018 — Moody's Investors Service (Moody's) has assigned a Prime-2 short term rating, on review for downgrade, to the commercial paper (CP) program of Halfmoon Parent, Inc. (Halfmoon), a wholly owned subsidiary of Cigna Corporation (Cigna, Baa1 on review for downgrade). This is consistent with Moody's rating of Cigna's short-term commercial paper.

Cigna’s Merger With Express Scripts Is Positive for Cigna Stock
Fri, 21 Sep 2018 18:01:47 +0000
Federal officials finally approved the merger of Cigna (NYSE:CI), one of the nation’s biggest health insurers, and pharmacy benefit manager Express Scripts Holding Co. (NASDAQ:ESRX) Cigna stock has been a strong performer in recent years, and this merger will make CI stock even more formidable. One of the motivating factors behind this $52 billion deal was the desire to keep pace with Aetna (NYSE:AET), Cigna’s chief rival in the health insurance market. Aetna is planning to join forces with CVS Health (NYSE:CVS), the drugstore chain that competes with Express Scripts in most of the largest regional markets.

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