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Anthem Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Anthem Inc (AMEX:ANTM) traded today at $196.98, breaking its 52-week high. This new high was reached on below average trading volume as 107,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Anthem Inc share prices have moved between a 52-week high of $196.98 and a 52-week low of $114.85 and are now trading 71% above that low price at $196.30 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.

Anthem Inc. is a health benefits company. The Company provides health, dental and vision, and pharmacy benefits, as well as life insurance, and life and disability insurance benefits. Anthem offers a broad spectrum of network-based managed care plans to large and small employer, individual, medicaid, and medicare markets.

Potential upside of 0.6% exists for Anthem Inc, based on a current level of $196.30 and analysts' average consensus price target of $197.41. The stock should discover initial support at its 50-day moving average (MA) of $140.48 and subsequent support at its 200-day MA of $139.69.

SmarTrend is tracking the current trend status for Anthem Inc and will alert subscribers who have ANTM in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows amex:antm anthem inc

Ticker(s): ANTM