So , CNC is one of the strongest company in Health Care sector . PE-26,6 ; EPS Q\Q - 142% ; Sales Q\Q -12,5% ; ROE -15% ; no debt , Zacks VGM -A , last realy bad report was in 2016 and statistically it was one negative on twenty two positive ! Yahoo finance recomended raring 2.1 with average target price 140 ! IBD say - CNC is a group leader ship with composite...
This stock originally found strong resistance at the Figure 100, which then turned into strong support. This led to a continuation to the upside and price is trending very well at the moment.
Ideally, we would like to see price continue with this bullish momentum to the upside, in the overall direction of the trend.
CNC is a very strong, parabolic stock that can be used as a hedge against your long portfolio.
Do not enter position until weekly close below parabolic trend.
Since rebounding from the lows of November 2016, $CNC has been in a nice uptrend ever since, clocking a 66% return over the period. Price is now testing resistance levels of $83 set back in mid 2015. Over the next 16 trading days, price will get squeezed between the former resistance at $83 and the lower support of the upward trend. With bullish momentum and...
This is the third time I have analysed CNC in the last few months. First in December 2014 - then again about a month ago. I have been waiting to see how CNC reacted to the February 2015 stock split which, so far, has been positive.
Yesterday saw price break out of a small consolidation. Price in the last month has been in a short range - but did spike down to...
3-31 Can you say resistance?
As in trend channel resistance.
Can you say New Highs on Negative RS divergence?
For informational and educational purposes only
Trade at your own risk, these are not recommendations.
CNC has been on my watchlist for a few months - particularly since the gap up on 12th December 2014 when I last posted an analysis on this stock.
At that time I didn't feel it was a longer-term opportunity as price had experienced a couple of deep pullback which, although acceptable, were indicative of a fairly non-linear trend. The uptrend had begun only about...
CNC gapped up on Friday, despite the overall bearish move on the US Indices. This was a quite significant move as there are a number of reasons to support a continuation of the uptrend - in the near-term at least.
Firstly, price gapped up above 3rd December high of $101.83 and the $100 figure. Second, this also confirmed a bull flag formation or, if you prefer,...
