Moving Average Rating Sticks as a Strong Buy on Shares of CNO Financial Group, Inc. (NYSE:CNO)

Investors might be looking at their stock holdings and trying to gauge which ones will break out to new highs. Many investors will keep a close eye on stocks that are trading near popular marks such as the 52-week high. Stocks trading near 52-week lows also tend to garner additional attention. When a stock is flirting with a new 52-week high, investors may have to decide whether to cash in to lock in profits or wait to see if a breakthrough is going to happen. Companies that are teetering near the 52-week low may be worth taking a look at. Studying the fundamentals may show that the stock should be performing better than it is. This might be the time to think about purchasing shares that for whatever reason may have fallen out of favor with investors. Crunching the numbers and doing full analysis of stocks that have been trending down may help lead to some discoveries that could turn out to be highly valuable if and when the momentum shifts to the upside.

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots on shares of CNO Financial Group, Inc. (NYSE:CNO), we see that the Woodie pivot is currently at 17.81. The Woodie support 1 pivot is 17.61, and the Woodie resistance 1 pivot is 18.27. The Camarilla one month pivot is presently 17.783333. The one month Classic pivot is 17.783333 and the Classic resistance 1 is 18.216667 while the Classic support 1 pivot is measured at 17.556667.

Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Sell”.

Following trading action on shares of CNO Financial Group, Inc. (NYSE:CNO), we see that the stock has moved 0.14 since the opening price of 17.81. So far, the stock has reached a high of 17.95 and dipped to a low of 17.8. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 259482.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

10 day Exponential Moving Average: 17.846725
20 day Exponential Moving Average: 17.677345
30 day Exponential Moving Average: 17.468433
50 day Exponential Moving Average: 17.17687
100 day Exponential Moving Average: 17.216515
200 day Exponential Moving Average: 18.027056

Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 17.295. The 20 day upper band is 18.01. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.28950408. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

The Awesome Oscillator reading is currently 0.46196324 for CNO Financial Group, Inc. (NYSE:CNO). Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

Investing in the stock market can be highly unpredictable. Veteran investors may have spent many years studying the market. At some point along the way, many investors may have had to make some tough decisions. Making the tough stock portfolio decisions can seem like a daunting task, especially if some wrong calls have been made in the past. Investors who are able to quickly learn from previous mistakes may be much better situated if they are able to keep from repeating those mistakes. When just starting out, investors may want to go slow and steady in order to focus on the simpler investing ideas first. 

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