Anthem, Inc. stock trades under the ticker ANTM & has recently shown bullishness that traders & investors should take a closer look into.
ANTM stock closed at $505.29/share on 5/24/2022.
Anthem, Inc. ANTM Stock’s Technicals Broken Down
ANTM Stock Price: $505.29
10 Day Moving Average: $489.84
50 Day Moving Average: $496.42
200 Day Moving Average: $437.27
RSI: 55.4
MACD: -1.74
Yesterday, ANTM stock completed a bullish MACD crossover, while breaking out above its 50 day moving average.
They have recently traded on above average volume compared to the year prior & still have a neutral RSI, signaling that there is more momentum to come in the near-term.
ANTM will need to break above the $506.33, $508.07 & $511.06/share resistance levels.
Anthem, Inc. ANTM Stock As A Long-Term Investment
Long-term focused investors will like ANTM stock’s valuation metrics, with a 19.4 P/E (ttm) & a 3.3 P/B (mrq).
They recently reported 17.6% Quarterly Revenue Growth Y-o-Y & 8.4% Quarterly Earnings Growth Y-o-Y.
ANTM has a strong balance sheet, featuring $34.04B in Total Cash (mrq) & $24.19B in Total Debt (mrq).
Anthem, Inc. stock pays a 0.94% dividend yield, which appears stable in the long-term with a 18.4% payout ratio.
93.3% of ANTM stock’s outstanding share float is owned by institutional investors.
Anthem, Inc. ANTM Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to protect themselves from broader market volatility, while also profiting from their price movements.
I am looking at the contracts with the 6/17 expiration date.
The $500, $502.50 & $505 call options look appealing, although they are relatively illiquid, as there are weekly expiration for ANTM options.
The $520, $515 & $510 puts are also worth looking into as well, especially as more contracts are written in the coming weeks.
Tying It All Together
ANTM stock has many interesting characteristics that traders & investors alike will be interested in.
Investors will like their valuation metrics & balance sheet, as well as their dividend yield.
Traders will like their current momentum path, as well as their weekly options expirations.
Overall, ANTM stock is worth taking a closer look into, regardless of your portfolio strategy.
*** I DO NOT OWN SHARES OF ANTM STOCK AT THE TIME OF WRITING THIS ***