CIGNA CORP
(CI-NYSE):
Technical Viewpoint: From a low
of $71 5/8 on Dec 15, 1999 prices
rallied, reaching a
high of $86.44
on Jan 11, 1999. A
decline saw prices pull back, reaching a
low of
$73.56 on Feb 9, 1999.
Another rally saw prices penetrate
resistance, closing 3/22/99
at $85.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 12, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $76 1/2. Resistance: Is at $86 1/2.
Point & Figure: Reversed to the upside on Mar 12, 1999. A P&F upside
reversal takes place at $81 1/4. Summary: Technical indicators have turned bullish. BUY! CIGNA CORP
(CI-NYSE) @ $85 5/8 Stop: Use a protective stop of $82 3/4.
CIGNA CORP is currently trading @ $85.19 plus $3.06 on Mar 23, 1999. Price Objective:
$102.00. Risk/Reward: $2 7/8 VS. $16 3/8. Today's Risk Reward Ratio: 6:1
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