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Anthem Inc Falls 5.28% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Anthem Inc (NYSE:ANTM) traded in a range yesterday that spanned from a low of $246.38 to a high of $256.76. Yesterday, the shares fell 5.3%, which took the trading range below the 3-day low of $250.33 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Anthem Inc on March 7th, 2019 by issuing a Downtrend alert when the shares were trading at $294.06. Since that call, shares of Anthem Inc have fallen 10.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Anthem Inc share prices have been bracketed by a low of $219.96 and a high of $317.99 and are now at $249.00, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

Keywords: rebounders anthem inc

Ticker(s): ANTM