CVS has been beatdown over the last few months but seems to have found a strong support around the 66-67 area and has been trying to stay above the 70 range. It recently gapped back down under 70 because of $NASDAQ:WBA (Walgreens) poor guidance. If it can beat this key level and bounce of this support and its moving averages then we can expect CVS to reverse the trend.
Confirmation is still needed so we will watch what happens over the next month.
Confirmation is still needed so we will watch what happens over the next month.
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