Week Ended 3 June 2016 Free Simple Trading Stalk Candidate

This week’s Free Simple Trading Stalk Candidate is Centene Corp According to it’s Yahoo Finance Profile,

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 children’s 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 charts…

Weekly

CNC W 3 June 2016

 

 

 

Daily

CNC D as of 3 June 2016

 

 

Metrics:

52 Week Hi: $83.00

52 Week Lo: $47.36

TAOST Ultimate Stop: $53.00

Average Daily Volume: 2,873,168 

Optionable: Yes; Monthly out to December 2016

Next Earnings Report Date: 26 July 2016

Trade Thesis:

Following a pullback from the big run between early 2014 (check this long posted then) to mid 2015, price appears to have based preparing for a run back to the upside.  If price drops back through $53.00, remove the stock from long stalk consideration for now.