Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $210.00 short put and a strike $205.00 long put offers a potential 26.9% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $205.00 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 above 80 which suggests that the stock is in overbought territory.
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
Cramer's lightning round: Buy Express Scripts on its upco…
Tue, 09 Oct 2018 23:02:00 +0000
Jim Cramer opines on callers' favorite stocks at lightning speed, including a health-care play being absorbed by Cigna.
Cramer's lightning round: Buy Express Scripts on its upcoming merger
Tue, 09 Oct 2018 22:53:00 +0000
Jim Cramer opines on callers' favorite stocks at lightning speed, including a health-care play being absorbed by Cigna.
See what the IHS Markit Score report has to say about Cigna Corp.
Mon, 08 Oct 2018 12:00:13 +0000
Cigna Corp NYSE:CI
Zacks.com highlights: Cigna, Celanese, Teradyne, CBRE Group and EMCOR Group
Fri, 05 Oct 2018 13:57:01 +0000
Zacks.com highlights: Cigna, Celanese, Teradyne, CBRE Group and EMCOR Group
How Does UNH’s Valuation Look in October?
Fri, 05 Oct 2018 13:01:42 +0000
UnitedHealth Group is a leading managed healthcare firm in the United States. It offers healthcare products and insurance services through its two divisions: UnitedHealthcare and Optum. The company recently acquired Genoa Healthcare to expand its OptumRx business.
Related Posts
Also on Market Tamer…
Follow Us on Facebook