Trend Tracker for Anthem Inc ANTM

February 25, 2022, 14:30 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for Anthem Inc (NASDAQ: ANTM) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ANTM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ANTM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ANTM too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for ANTM

• Buy ANTM slightly over 445.31 target 475.82 stop loss @ 444.02 Details

The technical summary data tells us to buy ANTM near 445.31 with an upside target of 475.82. This data also tells us to set a stop loss @ 444.02 to protect against excessive loss in case the stock begins to move against the trade. 445.31 is the first level of support below 453.18 , and by rule, any test of support is a buy signal. In this case, support 445.31 is being tested, a buy signal would exist.

• Short ANTM under 475.82, target 445.31, stop loss @ 477.19 Details

The technical summary data is suggesting a short of ANTM as it gets near 475.82 with a downside target of 445.31. We should have a stop loss in place at 477.19though. 475.82 is the first level of resistance above 453.18, and by rule, any test of resistance is a short signal. In this case, if resistance 475.82 is being tested, a short signal would exist.

Swing Trading Plans for ANTM

• Buy ANTM slightly over 475.82, target n/a, Stop Loss @ 474.45 Details

If 475.82 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 475.82, with an upside target of n/a. The data also tells us to set a stop loss @ 474.45 in case the stock turns against the trade. 475.82 is the first level of resistance above 453.18, and by rule, any break above resistance is a buy signal. In this case, 475.82, 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 475.82, target 452.85, Stop Loss @ 477.19. Details

The technical summary data is suggesting a short of ANTM if it tests 475.82 with a downside target of 452.85. We should have a stop loss in place at 477.19 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, 475.82, 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 475.82, target n/a, Stop Loss @ 474.71 Details

If 475.82 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 475.82, with an upside target of n/a. The data also tells us to set a stop loss @ 474.71 in case the stock turns against the trade. 475.82 is the first level of resistance above 453.18, and by rule, any break above resistance is a buy signal. In this case, 475.82, 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 475.82, target 452.85, Stop Loss @ 476.93. Details

The technical summary data is suggesting a short of ANTM if it tests 475.82 with a downside target of 452.85. We should have a stop loss in place at 476.93 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, 475.82, 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 February 25:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	413.46
P2	434.68	435.75	445.31
P3	443.08	452.85	475.82

Support and Resistance Plot Chart for ANTM

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.