Cigna (CI) Offering Possible 36.24% Return Over the Next 28 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $212.50 short call and a strike $217.50 long call offers a potential 36.24% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $212.50 by expiration. The full premium credit of $1.33 would be kept by the premium seller. The risk of $3.67 would be incurred if the stock rose above the $217.50 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 39.2 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

Marsh & McLennan Unit Buyout to Offer Better Client Services
Wed, 21 Nov 2018 14:54:02 +0000
Marsh & McLennan's (MMC) arm Mercer wraps up the acquisition of Summit Strategies Group to boost customer relations.

Amid sell-off, top analysts are getting bullish these 5 defensive stocks including Merck
Wed, 21 Nov 2018 13:55:00 +0000
With tech stocks looking like an increasingly risky bet, analysts have been getting more bullish on some key defensive names. Here we use TipRanks' Trending Stocks tool to pinpoint the best-rated defensive stocks right now. All five stocks covered below have received only buy ratings from top analysts in the last three months.

Walgreens and Humana May Regret a Half-Deal
Tue, 20 Nov 2018 23:10:08 +0000
Instead of combining, the pair are discussing a looser arrangement, according to the Wall Street Journal: They may take sizable stakes in each other and expand their existing senior-focused health-care partnership. The two firms could split the cost of opening new clinics in Walgreens stores that serve Humana members. Walgreens and Humana won’t always be aligned in their goals, and two sets of executives will have to approve any decisions, and may have trouble negotiating as a unit.

5 Best Dental Insurance Stocks To Buy Heading Into 2019
Tue, 20 Nov 2018 14:56:19 +0000
It’s been a good year for dental insurance stocks and that doesn’t figure to change in 2019 or beyond. Spending on Medicare and Medicaid, both of which include limited forms of dental coverage in certain cases, is expected to grow at annual rates of 7.9% and 5.9% respectively through 2023, with total expenditures of close […]

Is Cigna (CI) Stock Outpacing Its Finance Peers This Year?
Tue, 20 Nov 2018 14:30:02 +0000
Is (CI) Outperforming Other Finance Stocks This Year?

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