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Centene - All Time High

Topic: Stock Price Movements — Technical Analysis
Jun. 15 2015, 3:02 PM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

Centene - All Time High --

The Chart of the Day belongs to Centene (CNC). I found the stock by using Barchart to sort today's All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/20 the stock gained 9.68%.

Centene Corporation provides managed care programs and related services to individuals receiving benefits under Medicaid, including Supplemental Security Income, and the State Children's Health Insurance Program.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 14.45% in the last month
Relative Strength Index 71.56%
Barchart computes a technical support level at 73.88
Recently traded at 78.21 with a 50 day moving average of 70.14

Fundamental factors:

Market Cap $9.30 billion
P/E 30.62
Revenue expected to grow 35.10% this year and another 11.50% next year
Earnings estimated to increase 22.50% this year, an additional 16.90% next year and continue to compound at an annual rate of 17.45% for the next 5 years
Wall Street analysts issued 4 strong buy, 6 buy and 9 hold recommendations on the stock.

The 50 - 100 Day MACD Oscillator has been an effective technical trading strategy for the this stock and should continue to be used to find entry and exit points.


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Centene - All Time High