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CVS HEALTH CORPORATIONCC

CVS HEALTH CORPORATION

62,268CLPD
00.00%
Last update at Aug 1, 21:20 GMT
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CVSCL trade ideas

Pull Back FishingWatching and probably not time yet. Prior H&S. CVS formed an Alternate Bat that ended at the 1.113 and appears to forming another crooked M pattern. Peak 2 is higher than peak 1 which leads on to believe this will be a Shark, a Cypher or a Nen-Star. The Cypher is less common that a Shark and ends at the .786 of the entire structure (XC). I have not found many Nen-Stars either which ends at the 1.272 of the entire structure. The Shark should end at the .886 or the 1.113 of the 1st leg (labeled OX). Overall trend is Down. No recommendation. Earnings 2=8 BMO. EPS (FWD) 8.62 PE (FWD) 10.67 Div Rate (FWD) $2.42 Yield (FWD) 2.63% Short Interest 1.07% Market Cap $120.86B
NYSE:CVS
by lauralea
1
Window ClosedLast Friday we started a temporary rise and opened this week with a new gap up and have closed the September 30th window immediately. But this spike up became almost an Island Reversal when we failed to open the day higher today and even opened below yesterday's low. The bulls had the power only to close yesterday's gap up and gave up soon. Thus I expect the downtrend to be in force so that we may see new lows again. After the test of the August highs we have seen lower highs and lows only. And the impressive windows became confirmations of the downtrend when they became closed.
NShort
by motleifaul
CVS Health Corp continues to seize. CVSWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NShort
by Rykin_Capital
CVS - SHORT SWING TRADE IDEACVS is shaping up to be a nice short trade for a couple of reasons: First, CVS broke trendline support, the $100 area, and four major moving averages (9SMA(purple), 21SMA(blue), 50SMA(yellow), 200SMA(orange) Second is the because it is forming a clean breakdown pattern with an achievable & worth while reward to risk Last is because CVS is a down trending stock after failing to make new highs in August and not even holding minor price support at 98 A trailing stop strategy and a firm target near 91 is recommended as there are areas of minor support along the way
NShort
by JLaing
CVS Descending Channel on Weekly Chart The "Decending Channel" pattern was identified on the weekly chart. A "Double Bottom" pattern was identified on the daily timeframe, however, price failed to go higher. A closer look at recent price action and we have confirmation of resistance becoming support (see level 93.62). Though this is true, it is best to wait for a break of structure before placing a trade to the upside. On a final note, the 21 MA crossed up the 9MA on Friday, July 8, 2022. Also, the RSI and volume indicator made higher lows and higher highs on the same timeframe. Personally, I will enter a swing position lightly at the break of the trendline. I will also consider a secondary play action to include a break above 95 or 96. Thanks for reading, MrALtrades00
NLong
by MrALtrades00