CVS Health Corporation

CVS NYSE

notagadget

With MACD converging and RSI weakening, looks like the start to a pull back and good buying opportunity. Analyst PTs are in the low to mid 90s and the setup looks a lot like the start to Wave 4 so watching to see how far it retraces. Looking to get in if it goes below 88 and bounces off support.

turtlebuster

CVS has found a comfortable trading zone, the cycle will need to be completed before the next push higher. Love this company long term.

StrongStarTrades

Looking at the 5 year history chart It shows that New highs are on the way.

Gelium

Consolidation is broken upwards with the minimum target level around 100.

prakzar

It seems Bull Flag has developed on CVS, breakout is visible and can anticipate price going towards 92 to 95 range.

StrongStarTrades

Price target 88, but it will hit 120$ Low PE and pays a quarterly dividend. This is a Gem. Long till the targets is hit.

StrongStarTrades

5 year downtrend broken? Looks like $CVS will be attempting to reach the all time highs set 5 years ago on MAY 13 2016. Get ya popcorn ready!!

maschera

Careful - I will wait for earnings before placing this order. Ascending Triangle formed after a 6-month correction and a recent run. Betting on last month's momentum run. Good risk-reward ratio and target set at a potential formation of a 6-month resistance line. - Target Entry: $77.80 - Target Stop Loss: $75.91 - Target Exit: $82.51 - Risk / Reward Ratio:...

growerik

CVS earnings are tomorrow 5/4 pre market at 6:30am. CVS (CVS) reported Q4 December 2020 earnings of $1.30 per share on revenue of $69.6 billion. The consensus earnings estimate was $1.24 per share on revenue of $68.7 billion. Revenue grew 4.0% on a year-over-year basis. The company said it expects 2021 earnings of $7.39 to $7.55 per share. The current consensus...

kklingyi

786 + double bottom demand zone

GravityTrades

CVS chart showing a really interesting setup. We have 2 possible scenarios to take into consideration. 1. CVS continues to push higher and breaks out of this resistance. Break and close above $77.20 would be confirmation of the breakout. We saw it break over $77.20 today but failed to hold and sold off. If it can hold above and show strength we may see CVS make...

Ray

Big bottom in place. ER soon!

carlos6466

Smaller internal bullish descending channels working their way higher in a larger overall bullish ascending channel ...then continuing the trend upwards along the ascending channel if it doesn't break through

zachholt

whatever ya wanna call it the backtest looks finished i think it can get $82 on the next wave last earnings it ran up before and sold off looks like it wants to move again

Unithinktank

This is a correction on the screen display see previous idea for DD.

Unithinktank

Dipping the toe in on CVS with a butterfly 175/180/185 @ $0.68. It is approaching 52 week high just above $77 on the 4th attempt in 6 months. If it is rejected and stays in the channel, another attempt to push past 52 week high will be right around the corner. You could close all or half (if you buy multiple contacts) at $77 for 190% profit. If price makes it to...

michael0414

Looks like CVS is hovering just above the oversold area & MACD is showing a downtrend. Looks like it's getting set up for a rebound to the $78 level. I'm going to use the 0.618($73.94) level as a guideline to place my call. Also, I'm going to wait to see the lines nearing a cross on the MACD as a reversal in the squeeze momentum indicator. Let me know if you guys...

SpartanTrades

CVS has a great looking bullish pattern. Expecting a breakout higher in the coming weeks.