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Is Anthem Setting Up for a Big Move? -Breaking

by Mike Robinson

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© Reuters. Anthem Set for Big Move

Anthem’s chart (ANTM) shows a rectangle pattern. Both its support level and resistance levels have been broken by the stock. A big move can be expected if it breaches either resistance line or support level. Learn more about how you can profit from this trade. Anthem (ANTM), which provides medical benefits for approximately 44 million members, is the nation’s largest private insurance company. It offers a variety of coverage options, including individual and employer-sponsored plans. The company is the biggest provider of Blue Cross Blue Shield brand coverage.

Company is seeing increased premium rates and a higher number of members. Additionally, the acquisitions enabled the company’s Medicare Advantage growth. ANTM also witnessed an increase in virtual care service usage. Also, the company’s Medicare- and Medicaid-related businesses will help to increase its membership.

The company’s balance sheet looks solid with a debt-to-equity ratio of only 0.6. Earnings have increased an average 21.1% each year for the last five-years, and growth is also strong. According to analysts, earnings are expected to rise 100.8% in the current quarter compared to last year. This is reflected in our Growth Grade A POWR Ratings system.

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