Cigna (CI) – Bullish DailyPlay for Thursday Oct 18th, 2018
The bullish DailyPlay we chose for Thursday, Oct 18th is Cigna (CI). CI is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 0.33% move lower and its 1m and 6m trend has turned bullish on 10/16 while breaking above its $93 resistance level which now becomes support.
Cigna’s 1m and 6m trends turned bullish on 10/16 and recently broke above its $210 resistance level which now becomes support. With a technical score of 9 (out of 10), CI is a bullish stock that is likely to continue higher.
As a stop loss, if CI was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Learn to Trade Options: How to Maximize your Debit Spreads – Thurs 10/18 @ 4:15PM EST