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Anthem Inc Set to Possibly Pullback After Yesterday's Rally of 1.24%

By Nick Russo

Anthem Inc (NYSE:ANTM) traded in a range yesterday that spanned from a low of $222.34 to a high of $225.23. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $224.58 on volume of 316,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Anthem Inc have traded between a low of $114.85 and a high of $267.95 and are now at $224.98, which is 96% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Anthem Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $233.74. Since that call, shares of Anthem Inc have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders anthem inc

Ticker(s): ANTM