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CIGNA CORP
(CI-NYSE):
Technical Viewpoint: From a low
of $46.90 on Oct 30, 2003 prices
rallied, reaching a
high of $58.58
on Nov 6, 2003. A
decline saw prices pull back, reaching a
low of
$52.03 on Nov 21, 2003.
Another rally saw prices penetrate
resistance, closing 12/2/03
at $55.86. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53.75. Resistance: Is at $56.99.
Point & Figure: Reversed to the upside on Nov 17, 2003. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! CIGNA CORP
(CI-NYSE) @ $56.38 Stop: Use a protective stop of $53.86.
CIGNA CORP is currently trading @ $55.86 plus $1.75 on Dec 2, 2003. Price Objective:
$69.00. Risk/Reward: $2.50 VS. $12.62. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.00
Risk/Reward:
$2.50 VS. $12.62
Risk/Reward Ratio:
5:1
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