From TradingView · · 40s
CNC 50 SMA Darvas Box Breakout
CNC stock breaks 50 SMA resistance with Darvas box pattern forming.
In brief
CNC stock breaks 50 SMA resistance with Darvas box pattern forming. Centene Corporation's stock shows potential to rise above $79.40 after breaking $69.60 resistance. Originally reported by TradingView.
CNC stock pattern
Centene Corporation stock shows a Darvas box pattern forming above the 50-day moving average.
Resistance level
The stock reached resistance near $69.60 with potential to break higher.
Breakout target
Break above $69.60 could reach $79.40 with stop under the Darvas box base.
Key levels
Entry trigger: break above $69.60, target: $79.40, stop: under the box base.
Market question
Will CNC break through resistance and continue higher?
The essence
Centene Corporation's stock shows potential to rise above $79.40 after breaking $69.60 resistance.
