gamer456148

CNC: $72 Short, Fib, Choppiness Index + Concerns

Short
NYSE:CNC   Centene Corporation
First off, don't take anything I say seriously or at face value and imagine this being on opinion basis. That being said, let us look into Centene Corporation's stock. Conservatively, I believe a $72 short target is reasonable, and $75 could happen within a few weeks, but it may still be a bit of a stretch. Also, looking at the Choppiness index, I do see a positive wave breakout potential. Now something concerning, is Bernstein Liebhard LLP, the law firm, called for a CNC Shareholder investigation alert through a press release. Also, Centene's earnings call has alot of weight. Many expect it to be positive, which is why I think a modest increase is likely to happen. I'm not certain of a long position just yet. Many mathematical analysis methods and indicators do point to it passing the $90 threshold within a year or so. However, given market concerns, legal events and behavioral psychology could lead to false positives. If I got this stock, I would likely still hold it after the short call, but with caution. Lots of people though, may not be that risk averse.

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