Tuesday, July 02, 2019 3:42:21 PM
From a fundamental perspective, this entire sector will be used as a pawn within the political parties to gain favor with the electorate until after the 2020 election, that is quite a while to wait for a safe entry point or maybe not. Cigna is also embroiled in a long suffering court case with NYSE:ANTM claiming THAT ANTM should pay compensation of $16 billion for the botched takeover in 2015. IF CI was to win the case it would be extraordinary but most likely they will be awarded the break up of fee of $1.84 billion.
From a technical point of view the chart is becoming quite interesting and suggesting a entry point may be on the way. Please consult the chart for analysis but a break and possible retest of the trend-line(blue) would be a good buy signal.
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