Centene Stock Plunges 40% to an 8-Year Low—Watch These Key Price Levels
Key Takeaways
- Centene shares plunged 40% Wednesday after the managed-care company withdrew its full-year outlook after receiving new data about enrollments and rising member health costs.
- The stock’s downtrend has accelerated in early July, plunging the price below the closely watched 200-month moving average and pushing the relative strength index into oversold territory.
- Investors should watch major support levels on Centene’s chart around $27 and $17, while also monitoring resistance levels near $42 and $74.
Centene (CNC) shares plummeted on Wednesday after the managed care giant withdrew its full-year outlook after receiving new data about enrolments and rising member health costs.
The company, which focuses on Medicaid and
