For his second "Executive Decision" segment of Mad Money Tuesday evening, Jim Cramer spoke with Michael Neidorff, chairman, president and CEO of health plan provider Centene (CNC) , which announced a $275 million charitable donation to its foundation, which will support medical research and give away $15 million a year.
Neidorff said medical research is important, which is why Centene is working with the Mayo Clinic to help develop diagnostic tests for pancreatic cancer, so patients can be diagnosed sooner and have better outcomes.
When asked about the fate of the Affordable Care Act, Neidorff said that Centene stays nimble so they can adapt to tomorrow. He said Centene has great health plans and welcomes competition.
Let's check if the charts are competitive.
In the daily bar chart of CNC, below, we can see that prices tested the 50-day moving average line and the 200-day moving average line Tuesday. Prices have had a hard time at the $68 level or area for several months -- a rally failed there in January and July and this month too.
The On-Balance-Volume (OBV) line has been stalled since April and has not shown upside leadership. Sometimes the OBV line can lead prices and break out on the upside before price. Not in this example.
The Moving Average Convergence Divergence (MACD) oscillator crossed above the zero line earlier this month for a buy signal but has quickly narrowed and is poised to cross to the downside.