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Elevance Health, Inc.Elevance Health, Inc.Elevance Health, Inc.

Elevance Health, Inc.

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1ANTM trade ideas

ELV (formerly Anthem Healthcare) weekly, hybrid swing/longELV (formerly Anthem Healthcare) Bottom to bottom cycles running around 15 bars, or 105 days. Up cycle running approximately 5 bars or 33 days for 77 to 79 points. Strategy: ELV is under declining 52 week EMA, and under the Ichy cloud. Nevertheless, excellent fundamentals make this a good swing candidate convertible to a potential long hold. I would hope for a .618 fib pullback (a la Gartley) around mid to late October to around 404.94. In addition to being a key fib area, there is a pivot support and low volume node profile. I would count on a swing of approximately 35 days (or 5 weekly bars) and set a target of 77 points. 404.94 + 77 = 481.94, or 19%. At the target you are entering a resistance area which will be the cloud and the 52 week EMA, so you can tighten stops, scale out, sell out, or sell partial and hold long partial. I don't see much if any downside at the .618 level, so an entry around there would be ideal. free cash flow yield 10.2 % (bargain) 54.2% upside (Finbox Models) Piotroski Score 8 (excellent) consistent earnings beats PEG ratio 0.96 (excellent) ROE 17.43 % (fair)
NYSE:ELV
by UnknownUnicorn13101
A tight stop for Elevance Health Required Elevance Health NYSE:ELV - Long term positioning Positive earnings are causing a pump in price but be careful here though. Earnings positive since April 2020, why the pump? If i was entering a long term position here i would be waiting for the bottom of the parallel channel and RSI resistance line or at least harboring some cash on the side and splitting my position. Chart Requirements - A retest of RSI resistance line preferred - Ideal levels outlined on chart - If entering here, please place a tight stop loss as there is a more ideal entry lower
NYSE:ELV
by PukaCharts
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