For Anthem, Inc (ANTM), the 2019 trading year has been quite volatile as the stock visited its 52-week high and low in a span of three months. Since then, the stock returned to a lower near-term high and more recently another higher near-term low. Both points straddle the 200-day simple moving average which has been flat despite the intense volatility.
The $65 billion healthcare firm is struggling to find a trend amidst political sentiment and concerns over efficiency. These factors could make it less preferable to other healthcare companies that provide better opportunities