Centene posts earnings results pre-market tomorrow
20DMA about to cross the 50DMA. Very strong bullish daily candle today closing near the highs. It's formed a clear cup & handle. Implied price target included.
Watching closely this week.
*No Position but this will have an effect on other healthcare stocks all of which had a strong day today. Humana earnings on Wednesday and Cigna next week
20DMA about to cross the 50DMA. Very strong bullish daily candle today closing near the highs. It's formed a clear cup & handle. Implied price target included.
Watching closely this week.
*No Position but this will have an effect on other healthcare stocks all of which had a strong day today. Humana earnings on Wednesday and Cigna next week
Comment:
No position. Moving to a neutral stance. I would like to see this hold the 50DMA (green line) as support before considering entry.
Trade active:
Long @ 66.75 20DMA support. 1/2 position.
Let's see a 20D - 50DMA cross and move upward.
Let's see a 20D - 50DMA cross and move upward.
Comment:
On watch for adding second half.
Add to position would be at ~67.25 (50 monthly MA).
Add to position would be at ~67.25 (50 monthly MA).
Trade active:
my buy zone added for position add (daily chart).
I also just read the company's quarterly conference call transcript and they purchase $300million in stock during April in the $66s.
CFO purchased several thousand shares open market in the low 70s and CEO nailed the bottom with a 30,000 share purchase on the open market in the 62s.
Company is trying to put a floor in on the stock. If they are buying almost 1/3 billion in stock in the 66s, better believe I'm a buyer in that area as well.
I also just read the company's quarterly conference call transcript and they purchase $300million in stock during April in the $66s.
CFO purchased several thousand shares open market in the low 70s and CEO nailed the bottom with a 30,000 share purchase on the open market in the 62s.
Company is trying to put a floor in on the stock. If they are buying almost 1/3 billion in stock in the 66s, better believe I'm a buyer in that area as well.
Trade active:
Auto-filled on a GTC limit order yesterday @ 67.50.
Max position: $67.13 average
Max position: $67.13 average
Comment:
Full position still active here. Patiently waiting for break-out.
Stop @ 67
Stop @ 67