Cvs Health Corp $CVS Technical Update – Stock Traders Daily

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Cvs Health Corp $CVS Technical Update

The Cvs Health Corp (NYSE: CVS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CVS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Strong Neutral
P1 73.92 65.34 55.57
P2 75.02 71.66 65.90
P3 75.35 78.11 76.08

Long Term Trading Plans for CVS

September 3, 2018, 8:00 pm ET

The Technical Summary and Trading Plans for CVS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CVS Report.

CVS – (Long) Support Plan

Buy over 65.90 target 76.08 stop loss @ 65.64.
The technical summary data tells us to buy CVS near 65.90 with an upside target of 76.08. This data also tells us to set a stop loss @ 65.64 to protect against excessive loss in case the stock begins to move against the trade. 65.90 is the first level of support below 75.24 , and by rule, any test of support is a buy signal. In this case, support 65.90 is being tested, a buy signal would exist.

CVS – (Short) Resistance Plan

Short under 76.08 target 65.90 stop loss @ 76.34
The technical summary data is suggesting a short of CVS as it gets near 76.08 with a downside target of 65.90. We should have a stop loss in place at 76.34 though. 76.08 is the first level of resistance above 75.24, and by rule, any test of resistance is a short signal. In this case, if resistance 76.08 is being tested, a short signal would exist.

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