CVS looks like it will be breaking out of this tightening range soon. Starting forming ~12 weeks ago. This one could go either way, so wait for the break. My bias is to the long side given the other indicators.
Comment:
Nice breakout on volume. Let's see if we get followthrough. Would not be surprised to see a retest of the trend line.
Comment:
This continues to work. Next resistance is ~$77. The 50 will soon cross the 200 which will be another confirmation signal.
Trade active:
Moving into a key area that has been a challenge in the past. If it can clear here, it should be a high probability into the mid 80's.
Comment:
CVS held up well in today's extreme volatility. I still like this into the mid 80's.
