As 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...
Centene 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...
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...
CNC has always bounce form the 200 weekly ma, currently shows a expanding triangle with bull div in all indicators.
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.