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
• Falling wedge
• Bouncing at the 30dma, which has been significant in previous bull runs
• Been finding support at the +20% YOY level
• Put build as evidenced by the 50-day BTO P/C ratio at 1.03, in the 98th percentile
• Large open interest at the 65-strike call level expires this week
• Options are cheap – Equity VIX %Range in the 12th percentile
Setting stop...
NYSE:CNC
All of the MAs are trending upward in ascending order with earnings out of the way. Strong fundamentals while its holding this small channel nicely. The previous 64.50 resistance level was turned into support. I'll be looking for an entry thru 69 if it is able to create some tighter price action for a proper exit point.
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...
CNC was in a descending channel since the beginning of June. The stock was able to break out on October 22nd. It has since tested the previous resistance line & continued its bullish move.
The two green dashed lines mark potential price targets at the 61.8% & 100% Fibonacci Extension levels. The stock price closed around the 61.8% level yesterday & popped this...
Purely a short term trade which follows one of the leading volume stocks in the option market today. Highly unusual call options volume at the $60 strike, someone has a lot of confidence in further gains in NYSE:CNC
Centene is not a name that we have looked at before but highly unusual call option buying has got out attention. After announcing the Purchase of Wellcare the stock had a initial sell off but quickly found buyers interest. This is a huge growth story in and is on Goldman Sacks growth stocks buy list.
