Nov. 22 at 1:49 AM
$CVS is currently trading at
$78.03, with an RSI of 48.4 indicating a neutral momentum. The price is below the 30-day moving average (MA30) of
$79.59, suggesting a bearish short-term trend, while the 50-day moving average (MA50) of
$78.09 is slightly above the current price, reinforcing this bearish sentiment. The recent 60-day high of
$85.15 and low of
$69.6 indicate a range-bound market, with potential resistance near
$79.59 and support around
$69.6.
Directional bias is slightly bearish due to the price being below both MAs. Suggested entry could be at
$77.50 to capture a potential bounce back to the MA30. A stop loss should be placed at
$76.00 to limit downside risk. Target 1 is set at
$79.00, aligning with the MA30, and Target 2 at
$80.00, which is a psychological level and near recent highs.
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