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THE CIGNA GROUP COM USD0.01THE CIGNA GROUP COM USD0.01THE CIGNA GROUP COM USD0.01

THE CIGNA GROUP COM USD0.01

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0A77 trade ideas

CI Ready to Form New All Time HighsQuick Background on Healthcare: Somewhat ironically, since the start of Covid the healthcare industry has underperformed overall markets and most other industries. That being said healthcare and Biotech are finally starting to get the investment attention that they deserve, as investors shift their portfolios to more value and defensive positions due to a number of looming macro threats on the global economy (mainly Omicron and inflation). In the last month healthcare stocks almost across the board have performed well because of this rotation in investment preference and I believe this is just the beginning of their gains. Technical Analysis on Cigna Corp: This weekly setup on Cigna is downright beautiful and should prove very profitable to those on the long side of CI. CI just broke above a very strong resistance level around 227.50 and is looking like it wants to rip straight up to retest all time highs around 272 a share. strong momentum shown on the MACD suggests to me that a cross above zero is inevitable. MACD swinging to positive is of course very bullish and will lead to rapid price appreciation. I expect Cigna to hit previous ATH's and potentially briefly consolidate there around 272 mark, then rip up even further to make a new ATH and hit 300 per share for the first time ever.
NYSE:CILong
by Gooby_Trades
2
CI bullishnearly all health insurance companies, including ANTM, CI, and HUM, got out of their several-year consolidation phase. This is a clear bullish break out. I would expect CI to make a move at least as large (in log-scale) as what it did in the Trump rally. Even though their price may draw back a little in the near future, if you are a long-term investor/speculator, I would start to look for chance to check about the companies and begin to get into this sector. I personally got into ANTM a week ago and got into CI today. Both 2023 call leaps.
NYSE:CILong
by penender123
CI - Possible Long Setup In Progress CI looks to be setting up for a Bullish Breakout. ADX/DMI is positive. Watch the Choppiness indicator to start heading in a DOWNWARD direction. This indicates that CI is transitioning from choppy price action to a trending price action. The positive ADX/DMI indicates a bullish trend developing. Set a Buy Stop order at or near the $230 price level. With a Bearish Market Trend in place, use Buy Stop Orders to buy as Uptrends develop. Be Cautious...the market trend is negative.
NYSE:CILong
by GreenLightinvestor