Cigna (CI) Offering Possible 56.25% Return Over the Next 17 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $150.00 short call and a strike $155.00 long call offers a potential 56.25% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $150.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $155.00 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 21.68 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

Cigna (CI) Down 6.5% Since Last Earnings Report: Can It Rebound?
Sat, 01 Jun 2019 13:31:01 +0000
Cigna (CI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Cigna CEO on future of the company's China operations
Fri, 31 May 2019 18:57:15 +0000
David Cordani, Cigna CEO, joins CNBC's Bertha Coombs to discuss the future of the company and other topics at Cigna's Investor day.

See what the IHS Markit Score report has to say about Cigna Corp.
Fri, 31 May 2019 12:00:41 +0000
Cigna Corp NYSE:CIView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for CI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CI. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CI totaled $1.94 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. CI credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Cigna Collaboration Helps Santa Clara County IPA (SCCIPA) Improve Quality and Lower Costs
Thu, 30 May 2019 17:30:00 +0000
The latest results from a collaboration between Cigna and Santa Clara County IPA show that the program continues to drive better health care quality for nearly 18,000 Silicon Valley residents while achieving significantly better affordability.

Cigna exec picked as COO of growing Atlanta health IT company
Wed, 29 May 2019 14:28:37 +0000
BioIQ named a health care veteran as the company's new COO, with responsibilities that include delivering scalable solutions for its clients.

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