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ANTM

$UNH $ANTM $SPY $QQQ I OptionsSwing WatchlistUNH 4H I UNH is forming a bull flag pattern and might be breaking out above $490. There has been unusual options activity betting on a breakout to $500 by June. ANTM 4H I ANTM is forming a bull flag on the daily and the 4 hour time frame. Looks great on a break above $500. Healthcare overall outperformed the market last week. SPY 1W I QQQ broke down lower as expected, we want to see QQQ reclaim the level above $305, or more downside could come. Next support level is near $268. QQQ 1W I SPY continues the sell off and went into bear territory on Friday before a quick recovery. $380 seems the level to hold, below we could see $350.
NYSE:UNH
by optionsswing
Anthem, Inc. $ANTM flashing a VCPAnthem, Inc. is a provider of health insurance in the United States and is ranked 23rd on the Fortune 500. Fundamentals are very strong, it has an average YoY revenue growth of +14% for the las three quarters, and the last two quarters had EPS and Margin growth over the hundreds. IBD is giving NYSE:ANTM a #1 rank in its industry group and a 94 relative strength rating. That is synonymous of good fundamentals accompanied by very good technicals. Relative to the NASDAQ, the index has done three lower lows as NYSE:ANTM has done three higher lows. That is the kind of action a future leader does. Also, if you compare it against its sector AMEX:XLV , is doing way better. For the las 5 weeks, the price has been making a classic VCP with a pivot buy above $472. Today had a bad close but with low volume, that is a good sign. But, as the market is still in a correction, breakouts aren't working very well. Is time to be cautios so, if the breakout happens I'll buy 1/4 of my typical position sizing.
ALong
by dpuleo19
2
Short term Bear for ANTM IDX:ANTM Healthy correction for ANTM is coming for the next weak trading. It might test the nearest support at 27XX. Secure your profit and trade safely. Have fun. This is supported by the bear indicator red A that appeared in the daily chart As well as the hourly chart showed an obvious bearish trend Supported with high volume at bear A indicator in the 30-minute chart Disclaimer: This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX:ANTMShort
by bakkarianz
ANTM 12.19.19 ANTM ( when I talked about this market, I said "3 drive pattern" several times when I meant " 1-3-5 pattern". I am sorry about this; since my main talking points reflected my thinking and because of time constraints...I will post anyway. Discussed the need to adjust your paradigm to the range and other traits of swings. Discussed Oil and other markets I started to discuss coils , and because of time constraints I made his statement without using a chart example. A coil is not a good place to trade because the distance between buyers and sellers is so sma ll, there is a low probability for a meaningful target, and risk reward parameters make it a very poor market to trade. But even as equally important, coils frequently transition to expanding markets that will become tradable and profitable, b ut the transition can lead to false breakouts that reverse and then move in the other direction the cause false breakouts in that direction. Therefore not only is the coil a dangerous market, but the initial expansion of the coil can be dangerous. A coil can lead to an expanding triangle, and lots of people know what an expanding triangle is. My perspective is to recognize the vulnerability of certain markets as they relate to my trade decisions. I made statements at the very and of the video, I have talked about coils in the past, and my suggestion is for those of you who know what expanding triangle is... that you find a couple of examples of an expanding triangle in a smaller time frame and examine how you could be enticed into making losing trade decisions. here is one key distinction that I making with regard to expanding triangles that may differ from other analyst: I am looking at a market in real time deciding whether or not I'm going to take a trade. The first thing I will see is a coil as this market is evolving, and I will make trade decisions around that coil. In fact I can make trade decisions that might be reasonable trade decisions as the price expands . Frequently the price expands into an expanding triangle . In many cases, I suspect most chartists identify the expanding triangle and then make a decision about the market. From my point of view I am looking to analyze the transition and market dynamics that lead to a coil in an effort to not trade the market at that time. Why would I do this? I would do this because coils are dangerous, and can trigger a trader to make poor trades as the coil expands. Nevertheless, it is amazing how markets can transition from a very narrow range to a significant expanding triangle. The key is to be analytic and selective when the market transitions out of a coil. For me, the analysis of an expanding triangle can start as the market is forming the triangle, not just when it has formed a 5 point reversal pattern. Will show an example in future video. ( FOR THOSE WHO DON"T WANT TO DIG TROUGH THE SCRIPT, THERE WILL BE A VIDEO WITH A CHART).
by ScottBogatin
Ascending Triangle Runs Out of Room Soon for SPY SPXIt's just a chart with some fibonacci levels and an ascending triangle with no where to go but down in my opinion. Looks like 2777-2775 is the first Fib level to revisit after topping out around 3,025-3045. Negative divergences also signaling running out of steam IMO. Don't hold anything for long, regardless of how strong it appears to be. Anything could change in one swift key-stroke of trumps fat fingers...Only thing that sends this higher in my opinion is a resolution of trade with China, and even then - Trump may start another trade war in it's place soon there-after IF we ever resolve China first... SPY SPX I'm personally bullish on old school value plays that have been forgotten about that now have good dividends while you wait out the storm such as $CVS which has a .50 cent quarterly dividend, yielding 3.45% better than it's industry leaders like your UNH and ANTM which only yield 1.65% and 1.05%. Another one I'm long is $KHC Kraft Heinz which yields 5.22%, and last one that I'm watching is $GT goodyear tires, yielding 4.38% All these growth stocks with sky-high valuations are going to begin to crumble at some point and I don't want to be holding long for that. Good Luck!
TVC:SPX
by StockPickingEnthusiast