Summary
- Cigna Corporation shows 88% technical buy signals.
- 5 new highs and up 4.18% in the last month.
- Analysts' price targets from 230.00 to 340.00.
The Chart of the Day belongs to the healthcare company Cigna Corporation ( CI ). I found the stock by sorting Barchart's All Time High list first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 10/5, the stock has gained 1.62%.
Company description from Seeking Alpha:
Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, vision, health advocacy programs, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans to on and off the public exchanges; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. The company also offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. It distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was founded in 1792 and is headquartered in Bloomfield, Connecticut.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 88% technical buy signals but increasing
- 44.81+ Weighted Alpha
- 49.80% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100-day moving averages
- 5 new highs and up 4.18% in the last month
- Relative Strength Index 61.36%
- Technical support level at 286.07
- Recently traded at 297.04 with 50-day moving average of 287.31
Fundamental factors:
- Market Cap $87.98 billion
- P/E 12.80
- Dividend yield 1.54%
- Revenue expected to increase 3.30% this year and another 4.90% next year
- Earnings estimated to increase 12.40% this year, an additional 10.10% next year and continue to compound at an annual rate of 11.56% for the next 5 years
For further details see:
Cigna Has You Covered (Technical Analysis)