Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $149.00 short put and a strike $144.00 long put offers a potential 28.53% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $149.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock dropped below the $144.00 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 35.86 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 (CI) Gains But Lags Market: What You Should Know
Fri, 11 Oct 2019 21:50:09 +0000
Cigna (CI) closed the most recent trading day at $152.40, moving +1.04% from the previous trading session.
Zacks.com featured highlights include: Keurig Dr, Cigna, General Dynamics, Lennar and NCR
Fri, 11 Oct 2019 16:14:04 +0000
Zacks.com featured highlights include: Keurig Dr, Cigna, General Dynamics, Lennar and NCR
What's in the Cards for UnitedHealth (UNH) Earnings in Q3?
Fri, 11 Oct 2019 15:41:03 +0000
UnitedHealth's (UNH) Q3 earnings are expected to be benefited from higher revenues and membership growth.
Leon Medical Centers Health Plans Awarded Five-Star Rating by Medicare for 2020
Fri, 11 Oct 2019 15:33:00 +0000
This marks the third time the plan has achieved this milestone
5 Insurance Stocks Poised to Beat Q3 Earnings Estimates
Fri, 11 Oct 2019 14:54:02 +0000
We have identified five insurers poised to outshine in the third quarter banking on solid fundamentals.
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