When the Price of Anthem Inc ANTM Talks, People Listen

June 03, 2022, 03:00 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Anthem Inc (NASDAQ: ANTM) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ANTM can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for ANTM

• Buy ANTM slightly over 486.41 target 520.39 stop loss @ 485.01 Details

The technical summary data tells us to buy ANTM near 486.41 with an upside target of 520.39. This data also tells us to set a stop loss @ 485.01 to protect against excessive loss in case the stock begins to move against the trade. 486.41 is the first level of support below 496.93 , and by rule, any test of support is a buy signal. In this case, support 486.41 is being tested, a buy signal would exist.

• Short ANTM under 520.39, target 486.41, stop loss @ 521.89 Details

The technical summary data is suggesting a short of ANTM as it gets near 520.39 with a downside target of 486.41. We should have a stop loss in place at 521.89though. 520.39 is the first level of resistance above 496.93, and by rule, any test of resistance is a short signal. In this case, if resistance 520.39 is being tested, a short signal would exist.

Swing Trading Plans for ANTM

• Buy ANTM slightly over 498.83, target 520.39, Stop Loss @ 497.39 Details

If 498.83 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 498.83, with an upside target of 520.39. The data also tells us to set a stop loss @ 497.39 in case the stock turns against the trade. 498.83 is the first level of resistance above 496.93, and by rule, any break above resistance is a buy signal. In this case, 498.83, 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 498.83, target 486.41, Stop Loss @ 500.27. Details

The technical summary data is suggesting a short of ANTM if it tests 498.83 with a downside target of 486.41. We should have a stop loss in place at 500.27 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, 498.83, 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 498.83, target 508.56, Stop Loss @ 497.67 Details

If 498.83 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 498.83, with an upside target of 508.56. The data also tells us to set a stop loss @ 497.67 in case the stock turns against the trade. 498.83 is the first level of resistance above 496.93, and by rule, any break above resistance is a buy signal. In this case, 498.83, 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 498.83, target 493.77, Stop Loss @ 499.99. Details

The technical summary data is suggesting a short of ANTM if it tests 498.83 with a downside target of 493.77. We should have a stop loss in place at 499.99 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, 498.83, 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 03:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	451.81
P2	493.77	498.83	486.41
P3	508.56	520.25	520.39

Support and Resistance Plot Chart for ANTM

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