CVS is in a healthy downtrend and broke through the 200sma with strength. The RSI peaked with the prices retraced. Prices are now retracing with 34EMA and 200sma resistance. In addition, the 2nd leg of the retracement will be found @ 85.7. Multiple areas of resistance confluence.
Target a move to $80.50 for first profit stop and move to breakeven.
GOOD FUNDAMENTALS
Rated buy by analysts with 20% upside
Less volatile than the market (Beta 0.89)
Sensible valuation (P/E 15.72x, P/BV 2.18x)
Healthy growth (5 yr avg revenue +10%, ROE +14%)
TECHNICALLY IMPROVING
Has been on a downtrend since the historical top of July 2015
Long and medium term technical pictures still negative
Has retraced 53% of major move...
Fundamentals:
Amazon’s growth has come at the expense of Wal-Mart, Target. Walgreens and CVS. Amazon’s key competitive advantage is its multiplatform approach with Amazon Prime, which includes same-day delivery for many goods, all of which should lead to rising number of consumers skipping the trip to the local supercenter, drug store or grocery market. For this...
Hi all,
Here's an idea which is about capturing the possible continuation of price increase for pharmacy chain CVS.
1 Price for CVS has been steadily trending upwards, since price managed to break above $40.00 after 2012.
This trend took the price to as high as $113 in 29 July 2015. So between Jan 2012 to July 2015, CVS experienced a price increase of $73.00...
I purchased several put contracts for 98 strike jan 15 for 1.45 before the bell on thursday. Looking foward to ride it down to 95. Will sell puts for 100% gains at 3.00 then wait for retest of 97.76 to reshort down to 91.57 . Looking foward to gains this next couple weeks. gonna be hugeeeee
98 puts bought friday for 1.45 plan on selling for 3.00 sometime next week when stock hits $95. Sell for bounce back to 97.77 then repurchase for cheaper price to ride down to 91.57
Using a similar trade setup from an October post, which resulted in gains of 155% within 10 days. Since returning to it's 52 week low in min-November, CVS has rallied back into the ~$100 area. Its current rally has lasted 21 trading sessions, nearly identical to the length of the 20-day October rebound.
It now faces several significant points of resistance: 1)...
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...
CVS - this has been one of the best bull of the year. Making all time highs over and over again. Is it tired? Not until the last accelerating line is broken.
CVS has been trending well throughout 2013 and 2014 although there have been a couple of deep pullbacks in this time.
Since the deep February 2014 pullback the trend has been good but not great. A wide stop would've kept you in the trade but there have been more linear trends in play which would be less stressful to manage.
So saying, CVS has continued to make...
Key takeaways:
Red lines are buy swing fake outs that could have been avoided by realizing MACD was under sub signal line (black)
Blue spaces with *'s represent times where the stochastic would move into OB territory (telling you upside should be limited) but it maintained continuous upward momentum (filtered via MACD upward cross as soon as the oscillator moved...
