Cigna (CI) Offering Possible 9.77% Return Over the Next 36 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $230.00 short call and a strike $250.00 long call offers a potential 9.77% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $1.78 would be kept by the premium seller. The risk of $18.22 would be incurred if the stock rose above the $250.00 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 63.19 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 Helps Customers Affected by California Wildfires, Cigna Foundation Donates $25,000 to the American Red Cross for Recovery
Tue, 13 Nov 2018 16:30:00 +0000
The Cigna Foundation is donating $25,000 to the American Red Cross to help California residents recover from wildfires sweeping the state, and will match Cigna employee donations made to the American Red Cross, up to $100,000. “Our hearts break when we see the terrible destruction from these fires and we are committed to supporting the relief efforts of the American Red Cross. Working together with national and local relief organizations, we hope to help make this difficult time easier for everyone affected,” said Mary Engvall, executive director of the Cigna Foundation.

Here's Why Momentum Investors Will Love Cigna (CI)
Tue, 13 Nov 2018 15:00:03 +0000
Does Cigna (CI) have what it takes to be a top stock pick for momentum investors? Let's find out.

See what the IHS Markit Score report has to say about Cigna Corp.
Tue, 13 Nov 2018 13:00:16 +0000
Cigna Corp NYSE:CI

What Do Warren Buffett, Walgreens And Starbucks Have In Common?
Mon, 12 Nov 2018 21:03:40 +0000
Berkshire Hathaway, led by Warren Buffett, joins Walgreens, Starbucks and Cigna on the latest list of new buys by the best mutual funds.

Edited Transcript of CI earnings conference call or presentation 1-Nov-18 12:30pm GMT
Mon, 12 Nov 2018 16:26:02 +0000
Q3 2018 Cigna Corp Earnings Call

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