Health Insurance Stock Could Rebound Off Historically Bullish Signal

Elevance Health Inc (NYSE:ELV) stock yesterday enjoyed its biggest single-day percentage gain since May 2024 after reporting $547 million in profits, but it wasn’t enough to erase its worst day since March 2020 in the previous session, after the Centers for Medicare & Medicaid Services proposed to raise Medicare Advantage payment rates by only 0.09% in 2027. The good news is that this bear gap placed ELV near a trendline with historically bullish implications, which could help it trim its 14.2% year-over-ye ...