Daniel.B
Long

Long at retracement to support

NYSE:CVS   CVS HEALTH CORP
78 1 3
Well this is one of the stocks I like to trade at least 2-3 times every quarter. I'll keep this brief because I'm at work lol. But as you can see the stock made a new high followed by a retracement to support at the 106 /108 area. So I entered long yesterday during the New York             lunch hour. My initial target is 112.50 - 113.00. Stops are below 104.10.

Cheers, and best of luck! =D


Notes:
Some confirmations that you can look for is an MA cross between the fast / slow moving averages , currently resistance is at the 20-day moving average . A daily close above gives more conviction to the position. Also price has found support at the 50-day moving average which adds a little more confidence to the position. Historically when the 9 / 20 MA's make a bearish crossover it has payed well to start looking to buy the dip below the cross.
Daniel.B
a year ago
Update: Exited the trade at a small loss. Cheers =)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out