Nov. 12 at 12:39 AM
$CVS: The last close at
$79.88 indicates a position above the 30-day moving average (MA30) of
$79.36 and significantly above the 50-day moving average (MA50) of
$77.34, suggesting a bullish short-term trend. However, the RSI at 42.85 indicates that the stock is approaching oversold conditions, which may limit upside potential in the near term.
Market context shows a 60-day high of
$85.15 and a low of
$69.6, indicating a trading range. Given the current price is closer to the high, a pullback may be expected.
Suggested entry:
$79.50, with a stop loss at
$77.50 to manage risk. Target 1 at
$82.00 (near the 60D high) and Target 2 at
$84.00 for a more aggressive exit.
Overall, the bias is cautiously bullish, with potential for upward movement if the stock can maintain above the key moving averages.
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