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

May 14, 2022, 11:45 am ET, BY Chris- 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 477.51 target 511.97 stop loss @ 476.13 Details

The technical summary data tells us to buy ANTM near 477.51 with an upside target of 511.97. This data also tells us to set a stop loss @ 476.13 to protect against excessive loss in case the stock begins to move against the trade. 477.51 is the first level of support below 485.97 , and by rule, any test of support is a buy signal. In this case, support 477.51 is being tested, a buy signal would exist.

• Short ANTM under 511.97, target 477.51, stop loss @ 513.45 Details

The technical summary data is suggesting a short of ANTM as it gets near 511.97 with a downside target of 477.51. We should have a stop loss in place at 513.45though. 511.97 is the first level of resistance above 485.97, and by rule, any test of resistance is a short signal. In this case, if resistance 511.97 is being tested, a short signal would exist.

Swing Trading Plans for ANTM

• Buy ANTM slightly over 495.50, target 511.97, Stop Loss @ 494.07 Details

If 495.50 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 495.50, with an upside target of 511.97. The data also tells us to set a stop loss @ 494.07 in case the stock turns against the trade. 495.50 is the first level of resistance above 485.97, and by rule, any break above resistance is a buy signal. In this case, 495.50, 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 495.50, target 479.60, Stop Loss @ 496.93. Details

The technical summary data is suggesting a short of ANTM if it tests 495.50 with a downside target of 479.60. We should have a stop loss in place at 496.93 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, 495.50, 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 486.46, target 495.50, Stop Loss @ 485.33 Details

If 486.46 begins to break higher, the technical summary data tells us to buy ANTM just slightly over 486.46, with an upside target of 495.50. The data also tells us to set a stop loss @ 485.33 in case the stock turns against the trade. 486.46 is the first level of resistance above 485.97, and by rule, any break above resistance is a buy signal. In this case, 486.46, 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 486.46, target 479.60, Stop Loss @ 487.59. Details

The technical summary data is suggesting a short of ANTM if it tests 486.46 with a downside target of 479.60. We should have a stop loss in place at 487.59 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, 486.46, 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 May 14:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	442.59
P2	474.61	479.60	477.51
P3	486.46	495.50	511.97

Support and Resistance Plot Chart for ANTM

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