FA wise, CVS is not a terrible stock. The company has been making consistently increasing both in revenues and earnings the last few years. My stock valuation system gives it good scores both in valuation and quality domains.
TA wise, the low of $60 at end of March confluently hit the big support trend line and 61.8% fib level and bounced off strongly in 5 waves from there. All of that offers a very promising entry point around $64 level. Latest earnings call which is considered as negative offers us a nice pull back from the last 5-wave bounce taking price right to ~$64 level.
Conservative target: $80 (green box). This is also an important POC level in weekly chart.
Reasonable target: $90 (blue box). This is a reasonable level for the next considerable retracement.
Stop loss: below 60.
{
"info": {
"close": 64.47,
"marketcap ($bil)": 67.1,
"name": "cvs health corporation",
"sector": "health care",
"industry": "medical/nursing services",
"country": "united states"
},
"val": {
"peg_k": 0.40787581,
"fp2e_k": 10.12087912,
"p2e_k": 10.01086957,
"p2e": 9.99534884,
"p2bv": 1.7412767,
"p2sales": 0.35731722,
"p2fcf": null,
"ev2ebitda": null,
"ev2ebitda_k": null
},
"val2_k": 30,
"val2_q": 19,
"qual2_k": 55,
"qual2_q": 38,
"qual3_k": 55
}
TA wise, the low of $60 at end of March confluently hit the big support trend line and 61.8% fib level and bounced off strongly in 5 waves from there. All of that offers a very promising entry point around $64 level. Latest earnings call which is considered as negative offers us a nice pull back from the last 5-wave bounce taking price right to ~$64 level.
Conservative target: $80 (green box). This is also an important POC level in weekly chart.
Reasonable target: $90 (blue box). This is a reasonable level for the next considerable retracement.
Stop loss: below 60.
{
"info": {
"close": 64.47,
"marketcap ($bil)": 67.1,
"name": "cvs health corporation",
"sector": "health care",
"industry": "medical/nursing services",
"country": "united states"
},
"val": {
"peg_k": 0.40787581,
"fp2e_k": 10.12087912,
"p2e_k": 10.01086957,
"p2e": 9.99534884,
"p2bv": 1.7412767,
"p2sales": 0.35731722,
"p2fcf": null,
"ev2ebitda": null,
"ev2ebitda_k": null
},
"val2_k": 30,
"val2_q": 19,
"qual2_k": 55,
"qual2_q": 38,
"qual3_k": 55
}
Comment:
Comment:
Trade active:
Added more call options when price around 60.50.