EquityCast

Centene is Bullish

做多
EquityCast 已更新   
NYSE:CNC   Centene Corporation
Centene posts earnings results pre-market tomorrow

20DMA about to cross the 50DMA. Very strong bullish daily candle today closing near the highs. It's formed a clear cup & handle. Implied price target included.

Watching closely this week.

*No Position but this will have an effect on other healthcare stocks all of which had a strong day today. Humana earnings on Wednesday and Cigna next week

评论:
No position. Moving to a neutral stance. I would like to see this hold the 50DMA (green line) as support before considering entry.
交易开始:
Long @ 66.75 20DMA support. 1/2 position.

Let's see a 20D - 50DMA cross and move upward.
评论:
On watch for adding second half.

Add to position would be at ~67.25 (50 monthly MA).
交易开始:
my buy zone added for position add (daily chart).

I also just read the company's quarterly conference call transcript and they purchase $300million in stock during April in the $66s.

CFO purchased several thousand shares open market in the low 70s and CEO nailed the bottom with a 30,000 share purchase on the open market in the 62s.

Company is trying to put a floor in on the stock. If they are buying almost 1/3 billion in stock in the 66s, better believe I'm a buyer in that area as well.

交易开始:
Auto-filled on a GTC limit order yesterday @ 67.50.

Max position: $67.13 average
评论:
Full position still active here. Patiently waiting for break-out.

Stop @ 67
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