Centene Corporation is a healthcare company. Co. provides services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. It provides a range of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. Its segments include Medicaid, Medicare, Commercial and Other. It offers Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace and the TRICARE program.
When researching a stock like Centene, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CNC Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CNC stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the CNC 200 day moving average ("CNC 200 DMA"), while one of the most popular "shorter look-backs" is the CNC 50 day moving average ("CNC 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Centene. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the CNC 200 DMA and the CNC 50 DMA, we get a moving average convergence divergence indicator ("CNC MACD"). The CNC MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis