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CIGNA CORP
(CI-NYSE):
Technical Viewpoint: From a low
of $86 7/8 on Sep 20, 2000 prices
rallied, reaching a
high of $116 1/4
on Oct 17, 2000. A
decline saw prices pull back, reaching a
low of
$108.24 on Oct 25, 2000.
Another rally saw prices penetrate
resistance, closing 11/8/00
at $125.02. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 28, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $115.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 3, 2000. A P&F upside
reversal takes place at $124.00. Summary: Technical indicators have turned bullish. BUY! CIGNA CORP
(CI-NYSE) @ $127 1/8 Stop: Use a protective stop of $123 7/8.
CIGNA CORP is currently trading @ $125.02 plus $5.12 on Nov 8, 2000. Price Objective:
$139 1/2. Risk/Reward: $3 1/4 VS. $12 3/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$139 1/2
Risk/Reward:
$3 1/4 VS. $12 3/8
Risk/Reward Ratio:
4:1
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