Cigna Offering Possible 19.62% Return Over the Next 32 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 19.62% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock dropped below the $70.00 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 26.92 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

Healthways Sees 4Q Loss on Lower Revs
Tue, 18 Feb 2014 18:07:40 GMT

A.M. Best Affirms Ratings of Cigna Corporation and Its Subsidiaries
Thu, 13 Feb 2014 17:58:00 GMT
Business Wire – A.M. Best has affirmed the financial strength rating of A and issuer credit rating of “a” of the key life/health subsidiaries as well as the medical health maintenance organizations and dental HMO subsidiaries of Cigna Corporation [NYSE:CI].

Cigna Introduces Mobile Application Solutions for On-the-Go Agents Growing Their Supplemental Benefits Businesses
Thu, 13 Feb 2014 15:00:00 GMT
Business Wire – Cigna has introduced an innovative texting and smartphone quoting process along with other mobile enhancements for agents selling its Cigna Medicare Supplement Solutions®

Beacon Health and Cigna Form Accountable Care Program in Maine to Improve Health and Lower Costs
Thu, 13 Feb 2014 15:00:00 GMT
Business Wire – Cigna and Beacon Health, a subsidiary of EMHS , have launched a collaborative accountable care initiative to improve patient access to health care, enhance care coordination and achieve the “triple aim” of improved health, affordability and patient experience.

Why Cigna Corporation Shares Crashed
Tue, 11 Feb 2014 18:30:19 GMT

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