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Centene Corp | CNC | Long at $65As a managed health care company, Centene Corp NYSE:CNC doesn't get much attention. However, it is an undervalued growth stock. It's been a workhorse historically for slow and steady financial returns with a 3%+ dividend. The biggest dips along my selected moving average have been into the blue lines - which it recently tested. While the stock may close the gap near $62 is the near future, it's a personal buy at $65. Target 1 = $78.00 Target 2 = $95.00
NYSE:CNCLong
by WorthlessViews
1
Updated Swing Trading Watchlist - Pullback OpportunitiesHello Traders, As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist: www.tradingview.com This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed: Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength. Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal. Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence. Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy. Sector and Market Sentiment Analysis: Understanding the current market sentiment and sector rotation plays a crucial role. Stocks in leading sectors or those showing resilience in a weak market are preferred. We also consider the broader market trend and economic indicators to assess the overall risk environment. Risk Management and Entry Points: Each stock on our watchlist comes with a predefined risk management plan, including stop-loss levels and potential entry points. We're waiting for a reversal signal, such as a high-volume rebound off a support level or a break of a short-term downtrend line, to initiate positions. Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks. Conclusion : This watchlist represents a blend of technical prowess and strategic foresight, aiming to capitalize on pullback opportunities in strong stocks. Remember, the key to successful swing trading lies in timing, precision, and risk management. Stay alert for real-time updates as these setups evolve. Let's capture the market's rhythm together!
NASDAQ:ADBE
by JS_TechTrading
CNC At Important LevelCentene NYSE:CNC fired off a signal on this morning's open at a "50 in 50" level. The most important level is the COVID Low to All Time High 50% Retracement which for the last few weeks price has been testing. This is an important multi-year level that the stock price needs to hold to continue to retest the all time high. To reduce the initial risk on this trade I will drill down to the swing trading timeframe price action. Here we see the last few weeks with an overshoot of the support, price recapture the major 50% level, and now do a short term 50% Retracement around that level. Holding within this range sets up for a long term bullish move off the Supports.
NYSE:CNCLong
by norok
1
CNC: ON WATCH FOR A $25 MOVECNC: 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 resistance. I will be looking for a break and weekly close above 75 to enter a long swing position. This one is for patient investors/traders. If we break, I would target a 1st target of $100. Trade safe!
NYSE:CNCLong
by Elpidaldo
$CNC Centene Corporation Health Care ServicesI 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 vrs Same Q Prior: +1,387.50 %. Trailing 12 Months vs Prior: +111.62 % Morgan Stanley and Oppenheimer both have out perform ratings on the stock. I like the stock long over $75.00 with a minimum upside of the 0.618 Fib extension ($103) witch is about the full peak to trough move from the resistance line to the bottom in October 2019. Good one for the watch list.
NYSE:CNCLong
by Breakout_Charts
CNC $5.8 Price TargetBeautiful 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 way back up. And of course again at supports, and again below support up to $2.5 You're welcome in advance. *Not a financial advisor. **Don't judge me on my winners. Judge me on my losers, because there are so few.
TSXV:CNCLong
by kambach
2
CNC: $72 Short, Fib, Choppiness Index + ConcernsFirst 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 positive wave breakout potential. Now something concerning, is Bernstein Liebhard LLP, the law firm, called for a CNC Shareholder investigation alert through a press release . Also, Centene's earnings call has alot of weight. Many expect it to be positive, which is why I think a modest increase is likely to happen. I'm not certain of a long position just yet. Many mathematical analysis methods and indicators do point to it passing the $90 threshold within a year or so. However, given market concerns, legal events and behavioral psychology could lead to false positives. If I got this stock, I would likely still hold it after the short call, but with caution. Lots of people though, may not be that risk averse.
NYSE:CNCShort
by gamer456148
CNC - WEEK CHARTHi, 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 spending bills. News that can boost Centene Corp next year. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:CNC
by Igor-Silva