03.03.2016 - Cigna's shares may fall in the near future

The price of Cigna after strong growth, reached a level of 142.80 and the inclined line of resistance, but have not been able to overcome them and started to correct downwards. In case of fixation above these levels, growth will continue until 148,00 and 157,00. At the moment, there is a possibility to open a short position with a stop above 142.83 and targets at 132.25, 127.70 and 122.50. We forecast a drop in prices in the near future.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.