Something I longed today that isn't commodity related
Base on base action and high relative strength. Exactly what you want to see in a market like this
CNC:
CNC is now retesting a multi-year resistance around $75. The resistance line has started in August 2018.
The trend is up.
Resistances are made to be broken and a stock that breaks through a multi-year resistance level can lead to a significant rally. It's often even better if the resistance level is at the stocks all-time high since there is no overhead...
I like the stock long over the resistance line. You can see that the price is currently knocking on the door of a previous high made all the way back in August of 2018. I think it's time for a catch up here. CNC has lagged it's sector in both price performance and valuation.
$CNC Centene Corporation. Health Care Services.
Trailing P/E: 17.11
EPS Growth:
Last Q...
Consolidation was broken upwards, but the price did not fix above the global maximum. Perhaps in the fall, growth will continue with a minimum target in the region of 95. In the long term, growth is possible in the region of 107.
CNC trying the top the 4th time. Very strong Resistance level.
BlueWave Going to give a red dot soon.
RSI is Overbought.
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Beautiful Canadian stock.
Looking at a +$1.4 on a per spike basis.
We know the value in nickel - for the potential EV market.
If you want to set a stop, do it at $2.5 so that you don't lose out in a potential sub 3 dollar dip. I would buy more, you only lose once you sell :)
$5.5+ price target.
Love it long. Will be buying at either 3.25, or at 3.5 on its...
Its possible price can bounce off trend line support. The support has been pretty strong. It does look as though price is forming an H&S as well so be cautious and let price develop. If price does bounce off its possible price can head towards resistance possibly forming an ascending triangle. Its also possible price can break through trend line support and sell off some.
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Long 1000 $CNC
Short 529 $UHS
Mean Reversion Time: 20 Trading Days
Quantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Long 1000 $CNC
Short 529 $UHS
Mean Reversion Time: 20 Trading Days
Further price rejection(s) between 61 & 64 could see Centene Corporation Stock Price rally towards the upper trendline of the corrective bullish wedge (or above)...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
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...
Hi, today we are going to talk about Centene Corp and its current landscape.
Centene Corp is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal 2020...
![CNSUSDT: CENTRIC CNC/USDT analysis [Short]](https://s3.tradingview.com/r/rPgSUZf7_mid.png "CENTRIC CNC/USDT analysis [Short]")
