IBD 50 member Cigna (CI) is forming a base , providing a 272.91 purchase level because it will get set to report its subsequent spherical of earnings on May 6. The entry relies on a first-stage cup with out deal with on a MarketSmith weekly chart. With headlines driving the market, Friday could also be a great day so as to add to watchlists for weekend homework.
Understand that it is dangerous to purchase any inventory simply earlier than it studies. You can scale back your threat by ready to see the precise numbers and the market’s response. Using an choices technique throughout earnings season is one other technique to put your self able to revenue, whereas minimizing the potential draw back.
Top and backside line development moved larger within the firm’s most up-to-date quarter. Earnings have been up 36%, in comparison with 30% within the prior report. Revenue elevated from 8% to 10%.
Analysts anticipate earnings-per-share development of 9% for the quarter, and 10% development for the complete 12 months.
Note: Dates for earnings studies are topic to alter. Check the corporate’s web site for any updates.
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