Watch the Ascending Triangle on ELV closely. Trade with professional charting tools.
Bullish continuation pattern.
Traders are watching Elevance Health (ELV) as price action tightens. The stock is trading at $389.08, down 1.8% on the day. The primary technical feature is a Ascending Triangle formation. This setup is supported by average volume turnover. A potential breakout level is identified at $408.0, targeting $509.7 with support near $371.09 (R:R 2.76).
What is your outlook on ELV?