Conseco (CNO) Headed Toward Bottom Bollinger Band

09/03/2009 12:01 am EST

Focus: STOCKS

Tim Bourquin

Co-Founder, The Traders Expo and The Futures & Forex Expo

Conseco Inc (CNO) has been stair stepping upwards since late July. However, recent pressure on the entire market in the past few days has driven it toward a lower Bollinger band.


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If the general market (and financial sector) continues lower, keep an eye on that bottom Bollinger band as an area of support.

CNO may continue with an upward stair step using that bottom level around $3.75 as support.

By Tim Bourquin, Trading Content Director, MoneyShow.com

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