Anthem Inc (ANTM) Offering Possible 21.21% Return Over the Next 28 Calendar Days

Anthem Inc's most recent trend suggests a bearish bias. One trading opportunity on Anthem Inc is a Bear Call Spread using a strike $390.00 short call and a strike $410.00 long call offers a potential 21.21% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $390.00 by expiration. The full premium credit of $3.50 would be kept by the premium seller. The risk of $16.50 would be incurred if the stock rose above the $410.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Anthem Inc is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Anthem Inc is bearish.

The RSI indicator is at 40.66 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Anthem Inc

4 Health Insurance Companies Poised for Growth in 2H21
Wed, 18 Aug 2021 12:28:12 +0000
Strategic initiatives, rising enrolment and strength in Medicaid business are expected to aid health insurance companies like CNC, ANTM, MOH and UNH in 2H21.

David P. Abney, Gail K. Boudreaux Named to Target Corporation's Board of Directors
Wed, 11 Aug 2021 20:05:00 +0000
Target Corporation (NYSE: TGT) announced today its board of directors elected David P. Abney, former chairman of the board and chief executive officer of United Parcel Service, Inc., and Gail K. Boudreaux, president and chief executive officer of Anthem, Inc., as directors. Mr. Abney's appointment is effective immediately and Ms. Boudreaux's appointment becomes effective September 23, 2021.

Is Anthem (NYSE:ANTM) Using Too Much Debt?
Wed, 11 Aug 2021 05:33:09 +0000
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.' So it might be obvious that you need to…

Is Anthem (ANTM) Stock Undervalued Right Now?
Fri, 06 Aug 2021 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cigna (CI) Earnings Worry Healthcare Plan Stock Investors
Fri, 06 Aug 2021 13:18:03 +0000
Leading health plan stocks slumped Thursday after Cigna warned about mounting pandemic costs. Monitor these chart levels for buying opportunities.

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