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ChristopherCarrollSmith

CVS breached channel top; buy the pullback

Long
CVS Health Corporation (NYSE:CVS)  
ChristopherCarrollSmith Updated   
NYSE:CVS   CVS Health Corporation
Parallel Channel Fundamental Analysis healthcare retail Stocks
16
1
parallelchannel fundamental healthcare retail stocks
CVS has been on a monster run, and today it breached the top of its long-term downward trending parallel channel. CVS is overbought, so it will probably pull back before moving higher, but the channel breach is a bullish signal that strongly suggests the downtrend is over. I expect CVS to see 100 within a year or two.
Comment:
CVS appear to be platforming for another leg higher, so I am back in just under $74.

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