The bullish DailyPlay we chose for Friday June 16th is Anthem (ANTM). ANTH is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 3.17% move higher and its 1m and 6m trend has turned bullish on 5/23 and recently broke above its $76.50 resistance level.
Anthem’s 1m and 6m trends turned bullish on 5/24 and recently bounced higher off its $185 support level. With a technical score of 9 (out of 10), ANTM is a strong bullish stock that looks to continue higher.
As a stop loss, if ANTM was to trade below $185 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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