How To Trade CNC
I wrote about CNC in early 2014 (you can see that post here).
The stock has done well since then (don’t be fooled by the price level… the stock split 2 for 1 in February 2015).
It feels like it’s ready to challenge the all time highs yet again.
If that look doesn’t convince you, maybe this one will.
For those of you who don’t know, this is one of my favorite patterns.
Company Profile (via Yahoo Finance):
Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates through two segments, Managed Care and Specialty Services. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State childrens health insurance program, long-term care, foster care, and dual-eligible individual, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray services, home health and durable medical equipment, behavioral health and substance abuse, 24-hour nurse advice line, transportation assistance, vision care, dental care, immunizations, prescriptions and limited over-the-counter drugs, specialty pharmacy, therapies, social work services, and care coordination. The Specialty Services segment provides pharmacy benefits management services; health, triage, wellness, and disease management services; vision services; dental services; correctional healthcare services; in-home health services; and integrated long-term care services, as well as care management software that automate the clinical, administrative, and technical components of care management programs. This segment offers its services and products to state programs, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers.
Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.
Centene Corporation’s ISS Governance QualityScore as of June 2, 2017 is 9. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 9; Compensation: 8.
Here’s a snapshot of the metrics for the stock.
It looks like there’s a good chance to catch a nice up move in CNC. $72.00 looks like a good place for a stop if you’re inclined to take this trade.