Centene $CNC Technical Update – Stock Traders Daily

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Centene $CNC Technical Update

The Centene (NYSE: CNC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CNC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Strong Neutral
P1 142.18 141.69 128.03
P2 144.41 148.04 140.63
P3 146.41 153.77 153.00

Long Term Trading Plans for CNC

September 14, 2018, 7:30 am ET

The Technical Summary and Trading Plans for CNC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CNC Report.

CNC – (Long) Support Plan

Buy over 140.63 target 153.00 stop loss @ 140.37.
The technical summary data tells us to buy CNC near 140.63 with an upside target of 153.00. This data also tells us to set a stop loss @ 140.37 to protect against excessive loss in case the stock begins to move against the trade. 140.63 is the first level of support below 144.93 , and by rule, any test of support is a buy signal. In this case, support 140.63 is being tested, a buy signal would exist.

CNC – (Short) Resistance Plan

Short under 153.00 target 140.63 stop loss @ 153.26
The technical summary data is suggesting a short of CNC as it gets near 153.00 with a downside target of 140.63. We should have a stop loss in place at 153.26 though. 153.00 is the first level of resistance above 144.93, and by rule, any test of resistance is a short signal. In this case, if resistance 153.00 is being tested, a short signal would exist.

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