It has been a horrendous few years for CVS but it may be the case that the correction is over. The political influence has not subsided and may intensity as the election campaign steps up. Democrats will use healthcare as a major campaign topic, which was the case when Hillary Clinton took aim at drug pricing. Mr Trump will probably stick to the blueprint that worked for him in the past, focusing on security, economic prosperity and "make America great again". From a technical perspective, the stock has possibly completed the wave 4 supercycle correction, it has hit the .618 fib perfectly , tested it and now ready to move higher. Indicators have all made positive reversal and in particular Momentum, which is a leading indicator. The middle Bollinger band is now holding the stock down, a move above would be a very positive buy signal.
AVERAGE ANALYSTS PRICE TARGET $69.50
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
HOLD 9
BUY 17
COMPANY PROFILE
CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.
AVERAGE ANALYSTS PRICE TARGET $69.50
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
HOLD 9
BUY 17
COMPANY PROFILE
CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.