Anthem Inc (ANTM) Offering Possible 15.61% Return Over the Next 24 Calendar Days

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Anthem Inc’s most recent trend suggests a bullish bias. One trading opportunity on Anthem Inc is a Bull Put Spread using a strike $360.00 short put and a strike $340.00 long put offers a potential 15.61% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $360.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $17.30 would be incurred if the stock dropped below the $340.00 long put 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 up which suggests that the medium-term momentum for Anthem Inc is bullish.

The RSI indicator is at 41.11 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Anthem Inc

Why Is Anthem (ANTM) Down 2.2% Since Last Earnings Report?
Fri, 20 Aug 2021 15:30:03 +0000
Anthem (ANTM) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

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.

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