CIGNA CORP
(CI-NYSE):
Technical Viewpoint: From a low
of $108.24 on Oct 25, 2000 prices
rallied, reaching a
high of $134.16
on Nov 13, 2000. A
decline saw prices pull back, reaching a
low of
$119.70 on Nov 27, 2000.
Another rally saw prices penetrate
resistance, closing 11/30/00
at $131 3/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 29, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $121 1/2. Resistance: Is at $134.16.
Point & Figure: Reversed to the upside on Nov 29, 2000. A P&F upside
reversal takes place at $130.00. Summary: Technical indicators have turned bullish. BUY! CIGNA CORP
(CI-NYSE) @ $134 1/8 Stop: Use a protective stop of $130 7/8.
CIGNA CORP is currently trading @ $131 3/4 plus $6.76 on Nov 30, 2000. Price Objective:
$170.00. Risk/Reward: $3 1/4 VS. $35 7/8. Today's Risk Reward Ratio: 11:1
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