How the price action of Anthem Inc (ANTM) is used to our Advantage

June 23, 2022, 22:15 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Anthem Inc (NASDAQ: ANTM) data table below can help you with price action, and we have more details too. Trading plans for ANTM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for ANTM

• Buy ANTM slightly over 466.90 target 499.31 stop loss @ 465.55 Details

The technical summary data tells us to buy ANTM near 466.90 with an upside target of 499.31. This data also tells us to set a stop loss @ 465.55 to protect against excessive loss in case the stock begins to move against the trade. 466.90 is the first level of support below 472.34 , and by rule, any test of support is a buy signal. In this case, support 466.90 would be being tested, so a buy signal would exist.

• Short ANTM under 499.31, target 466.90, stop loss @ 500.75 Details

The technical summary data is suggesting a short of ANTM as it gets near 499.31 with a downside target of 466.90. We should have a stop loss in place at 500.75though. 499.31 is the first level of resistance above 472.34, and by rule, any test of resistance is a short signal. In this case, if resistance 499.31 is being tested, so a short signal would exist.

Swing Trading Plans for ANTM

• Buy ANTM slightly over 499.31, target 531.15, Stop Loss @ 497.87 Details

If 499.31 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 499.31, with an upside target of 531.15. The data also tells us to set a stop loss @ 497.87 in case the stock turns against the trade. 499.31 is the first level of resistance above 472.34, and by rule, any break above resistance is a buy signal. In this case, 499.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANTM near 499.31, target 466.90, Stop Loss @ 500.75. Details

The technical summary data is suggesting a short of ANTM if it tests 499.31 with a downside target of 466.90. We should have a stop loss in place at 500.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 499.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ANTM

• Buy ANTM slightly over 499.31, target 531.15, Stop Loss @ 498.15 Details

If 499.31 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 499.31, with an upside target of 531.15. The data also tells us to set a stop loss @ 498.15 in case the stock turns against the trade. 499.31 is the first level of resistance above 472.34, and by rule, any break above resistance is a buy signal. In this case, 499.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANTM near 499.31, target 471.94, Stop Loss @ 500.47. Details

The technical summary data is suggesting a short of ANTM if it tests 499.31 with a downside target of 471.94. We should have a stop loss in place at 500.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 499.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ANTM Ratings for June 23:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	466.90
P2	459.44	436.32	499.31
P3	471.94	459.16	531.15

Support and Resistance Plot Chart for ANTM

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