Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

WellPoint (NYSE:WLP)

|Includes:Anthem, Inc. (ANTM)

Red’s Bull Trade Alert: WellPoint (NYSE:WLP)

6 January 2011

LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr, ID’d the start of a New Bullish Trend for WellPoint.

WellPoint closed at 58.48 on Wednesday, and opened Thursday at 58.41.

WLP closed at 59.52, up 1.04 (1.78%) in Thursday’s session.

The stock’s daily low was 58.28 and the high was 59.68.

Volume: 2,273,825/shrs is below the 3 mo average volume of 4,092,940/shrs.

WLP is trading above its 50 and 200 Day Moving Average

My Technical Indicators augur Bullish price movement in here.

The stock’s 52 week low is 46.52 and 52 week high is 70.00, its P/E ratio is 5.07, and its EPS is 11.74.

Analysis Overall Short Intermediate Long
Bullish (0.26) Neutral (0.18) Bullish (0.38) Neutral (0.22)

Full Report
Stocks: ANTM