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Centene Corporation

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CNC second quarter loss and decrease in memberships per news on hood.

CNC imagine CNC revenue beat tomorrow with some actual guidance. Stock would soar. Would kind of make sense given the massive selling off we’ve had going into earnings. My guess is that we’re over $30 next week. Probably $32-34. But who knows.

CNC
Out of the downward channel, we broke diagonal resistance. Also, we are above the 50 SMA on the 1H chart, and could very well be above the 50 SMA on the daily by close.

Is bottom behind us?
I'd say, very likely.


CNC As the capitulation in the overall health sector XLV fades, here's what I want to see: there’s an obvious downward trend line. My first target is the lower 40s, the top of the range. The price ideally forms a higher low to test the trend line.
Snapshot

CNC selling some puts. Anything sub $25 is a gift in the long term.

CNC

25.14$ is the next support, and it looks like we are heading there, slowly. Earnings in exactly 1 week.

CNC watch us ping pong around the 30 level. Added more calls to the 9/18/2026 position.