CI breaks below previous session low
CIGNA Corp. (CI) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, CI ended the week -3.15% lower at 183.28 after losing $2.14 (-1.15%) today. Today's closing price of 183.28 marks the lowest close since August 1st. Closing below Thursday's low at 184.92, CIGNA Corp. confirms its breakout through the previous session's low having traded $2.79 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (CI as at Aug 10, 2018):
Friday's trading range was $4.08 (2.23%), that's slightly below last trading month's daily average range of $4.17. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.