The Chart of the Day belongs to Anthem (ANTM). I found the company by sorting the All Time High list for the stocks with the best technical buy signals, then used the FlipCart feature to review the charts. Since the Trend Spotter signaled another buy on 1/8 the stock gained 3.01%.
Anthem Inc. is a health care company. The company provides medical products, through its subsidiaries. It operates through Commercial, Consumer and Other segments. The Company offers managed care plans to the large and small employer, individual, Medicaid and senior markets.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 11.70% in the last month
- Relative Strength Index 67.68%
- Barchart computes a technical support level at 130.65
- Recently traded at 135.20 with a 50 day moving average of 127.03
Fundamental factors:
- Market Cap $ 26.82 billion
- P/E 16.54
- Dividend yield 1.33%
- Revenue expected to grow 4.40% this year and another 8.40% next year
- Earnings estimated to increase 8.20% this year, an additional 12.90% next year and continue to increase at an annual rate of 10.88% for the next 5 years
- Wall Street analysts issued 5 strong buy, 3 buy and 13 hold recommendations on the stock
The price vs the 100 day moving average has been a dependable trading strategy for this stock and should continue to be used for entry and exit points.
No comments:
Post a Comment