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 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 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 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 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 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 Technical Summary | Raw Data for the Trading Plans

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

ANTM Long Term Analysis for May 14 2022


ANTM Swing Trading Analysis for May 14 2022


ANTM Day Trading Analysis for May 14 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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