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After Yesterday's Decline of 3.61%, Anthem Inc Offers Investors Better Value

By Nick Russo

Anthem Inc (NYSE:ANTM) traded in a range yesterday that spanned from a low of $276.18 to a high of $283.24. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $280.95 on volume of 560,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Anthem Inc have traded between a low of $228.48 and a high of $317.99 and are now at $276.48, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Anthem Inc on April 29th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $265.36. Since that recommendation, shares of Anthem Inc have risen 8.1%. We continue to monitor ANTM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders anthem inc

Ticker(s): ANTM