My Position
Initial Buy: 256.50
Second Buy: 259.50
Total Average: 258
Stop Loss: 256
Price Target: 278.50
Here is an example of a "Last Call" bullish entry. I am forecasting an explosive move upwards post United Health Group earnings tomorrow. This has been a laggard compared to its main peers UNH and Humana.
Entry: 261.32 (20 day moving average on the 4 hour...
Nearing the bottom of the right shoulder on an inverse H&S. Gap filling 255 before launching. Implied target of the IH&S takes you to an area of confluence being the previously failed IH&S neckline.
The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to...
The PEAD projected a bullish outlook for $CI after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90.91%.
The PEAD projected a Bullish outlook for $CI after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Cigna Corp sells healthcear memberships for dental, medical and other servicesa like. For the six months ended 30 June 2022, Cigna Corp revenues increased 6% to $89.07B. Net income increased 4% to $2.74B.
Breakout after breakout NYSE:CI is one of the few S&P 500 stocks that pass my trend template. As long the price stays above $272 I'm long.
The On Balance...
CIGNA CORPORATION
Short Term - We look to Buy a break of 296.00 (stop at 288.02)
Price action continues to trade around the all-time highs. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 294.50. The bias is to break to the upside. A break of resistance at 296.00 should lead to a more...
Pilot Position only given the economic data out this week
Stock in a strong uptrend
In a strong sector
Earnings beats
Breaking out of Consolidation zone
Wont make you rich but good RR will keep the account going in the right direction!
Fundamental Indicators:
Sector – Healthcare
US Business Cycle Stage – late cycle, when this sector is one of the most favourable
Revenue - consistently growing since for the last 10 years
Profits – peaked in 2020 and considerably dropped since then
Net margin – quite low with just 3% and dropping since 2020
P/E – at a good level of 16 compared to...
The PEAD projected a Bullish outlook for $CI after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking out of a ~14 month cup with handle pattern
* It did break out before but then pulled back (seems like a shakeout)
* Now it's been in a tight range just above the broken resistance creating new support
* The last session printed a pocket pivot indicating institutional...
One of the stocks making all time highs recently that managed to close just at or slightly above it GLB with a wedge pop on friday . Decided to take it , stronger group too (healthcare).
Entry - 273.33
Stop - 266.95
PT1 - 279.66, Sell 1/4 , raise stop to half risk
PT2 - 286.09, Sell 1/4
run balance if possible .
Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Pays out dividends
* Forming a cup and handle over the past ~14 months
* Bouncing off of its 50 day line with very bullish price action and volume
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 2.7
Relative Strength vs. SP500: 1.65
U/D Ratio:...
One of my favorite setups. RSI, MACD, and OBV showing divergence and is currently trading below the declining MA 20 & 50
Trendline break on the daily, we should see this start to sell off (impulsive break)
First target $240 level near MA 100
Second target $225 near MA 200
