CVS extends losses - Analysis - 16-03-2023

CVS Health Corporation's stock (CVS) kept declining in the intraday levels amid the complete dominance of the main downward trend in the medium and short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the support of 68.00, provided it settles below 79.33. 

Expected trend for today: Bearish