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CENTENE CORPORATION

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CNC trade ideas

CNC (Centene Corporation) fundamental and technical analysis Hello! This is my idea on Centene Corporation. It accounts for both the technical and fundamental aspect of the stock. This trade is for those with a long term mindset, as it will most likely take a year or more to play out. —————————————————————————————————————————————————————————————— Technical analysis section: There is a large ascending triangle taking form in the daily and weekly timeframes, which points to a potential 41% upside. There is also a potential 48% upside if you count the ascending triangle as the “flag” and the rally that lead up to it as the “pole”. However, it’s low quality at best, and it would make the most sense to take profits at the ascending triangle target. —————————————————————————————————————————————————————————————— Fundamental analysis section: Centene Corporation is a healthcare company that offers programs specifically for underinsured individuals. Right now the stock has a relatively low PE ratio of 17.56, current ratio of 1.30 (which means the company has 1.3 times more assets than liabilities), and a debt to equity ratio of 0.65 (which means the company has 0.65 times less debt than equity). It has also had a rising eps (earnings per share) and rising sales during the past five years. This makes it a well managed company, as well as one that has proven it could grow over relatively long periods of time. I would classify it as a “growth” stock trading at a price that makes it worth buying. —————————————————————————————————————————————————————————————— Final thoughts: I personally like this stock, and will give updates on it when needed. The stop-loss is obviously your choice, but I put it at 10% because I enter only 10% of my capital in each trade (at most). 10% of 10% is 1%, which is the amount of my capital I end up risking. Good luck and great trading everyone, I’ll be posting another idea soon! (Also, I didn’t post anything for a while because I realized I didn’t know enough about fundamental and technical analysis to justify giving out ideas. Now, I think I do. Will be posting growth and value stocks that follow strict fundamental and technical criteria with either moderate or high chances of succeeding.)
NYSE:CNCLong
by NickTheGreatStockTrader
1
CNCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) The System T is a comprehensive system which contains many components such as buy & sell signal generator, win & loss statistics, risk control & portfolio management to make sure trading is successful in the long run. Basically, for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (*) Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily. System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
NYSE:CNCLong
by System_T
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