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

Source: Stock Traders Daily

Longer Term Trading Plans for ANTM
  • Buy ANTM 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 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 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 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 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 Technical Summary | Raw Data for the Trading Plans

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

ANTM Long Term Analysis for June 23 2022


ANTM Swing Trading Analysis for June 23 2022


ANTM Day Trading Analysis for June 23 2022

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.

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