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

March 17, 2022, 03:15 am ET, BY Patrick- Contributor, Stock Traders Daily| 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 448.12 target 477.19 stop loss @ 446.83 Details

The technical summary data tells us to buy ANTM near 448.12 with an upside target of 477.19. This data also tells us to set a stop loss @ 446.83 to protect against excessive loss in case the stock begins to move against the trade. 448.12 is the first level of support below 470.82 , and by rule, any test of support is a buy signal. In this case, support 448.12 is being tested, a buy signal would exist.

• Short ANTM under 477.19, target 448.12, stop loss @ 478.57 Details

The technical summary data is suggesting a short of ANTM as it gets near 477.19 with a downside target of 448.12. We should have a stop loss in place at 478.57though. 477.19 is the first level of resistance above 470.82, and by rule, any test of resistance is a short signal. In this case, if resistance 477.19 is being tested, a short signal would exist.

Swing Trading Plans for ANTM

• Buy ANTM slightly over 475.73, target 477.19, Stop Loss @ 474.36 Details

If 475.73 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 475.73, with an upside target of 477.19. The data also tells us to set a stop loss @ 474.36 in case the stock turns against the trade. 475.73 is the first level of resistance above 470.82, and by rule, any break above resistance is a buy signal. In this case, 475.73, 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 475.73, target 459.66, Stop Loss @ 477.1. Details

The technical summary data is suggesting a short of ANTM if it tests 475.73 with a downside target of 459.66. We should have a stop loss in place at 477.1 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, 475.73, 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 475.73, target 477.19, Stop Loss @ 474.62 Details

If 475.73 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 475.73, with an upside target of 477.19. The data also tells us to set a stop loss @ 474.62 in case the stock turns against the trade. 475.73 is the first level of resistance above 470.82, and by rule, any break above resistance is a buy signal. In this case, 475.73, 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 475.73, target 469.99, Stop Loss @ 476.84. Details

The technical summary data is suggesting a short of ANTM if it tests 475.73 with a downside target of 469.99. We should have a stop loss in place at 476.84 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, 475.73, 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 March 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	418.21
P2	460.52	459.66	448.12
P3	469.99	475.73	477.19

Support and Resistance Plot Chart for ANTM

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