Cigna (CI) Offering Possible 6.84% Return Over the Next 32 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 6.84% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $87.50 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 48.42 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

Cigna Corporation's First Quarter 2014 Earnings Release Details
Fri, 14 Mar 2014 14:00:00 GMT
Business Wire – As previously announced, Cigna Corporation will release its First Quarter 2014 financial results on Thursday, May 1, 2014.

CIGNA CORP Files SEC form 8-K, Other Events
Thu, 13 Mar 2014 13:01:15 GMT

Bad News For Obamacare: Enrollment Is Trending Below Forecasts
Wed, 12 Mar 2014 17:36:00 GMT

Catamaran Corporation Announces Record Financial Results for 2013
Wed, 12 Mar 2014 15:37:05 GMT
noodls – CATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2013 Catamaran posts record yearly and quarterly results for revenue, net income and EBITDA Provides initial 2014 guidance Schaumburg, Illinois, …

Cigna and the Cigna Foundation Provide Weekend Meals to Hamilton Elementary School Students as Part of Blessings in a Backpack Program
Wed, 12 Mar 2014 14:00:00 GMT
Business Wire – Books and school supplies aren’t the only items Hamilton Elementary School students will find in their backpacks this year. As part of a three-year program implemented by Blessings in a Backpack, a national child hunger relief non-profit, 250 students at Hamilton Elementary will receive nutritious food each weekend throughout the school year.

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