CVS spikes - Analysis - 04-08-2022

2022-08-04 12:44:50 GMT (Economies.com)
 

CVS's stock surged after the pharmaceutical retail company reported forecast-beating profits and raised outlook for the entire year, with the stock surging 6.30%, or 6.01 points, settling at 101.38, with trading volumes surpassing 11.6 million shares, above 10-day averages of 5.4 million shares. 

 

The stock is moving alongside the upward short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 109.69, provided the support of 96.56 holds on.

 

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Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.0243
0.0046
0.4467%
1.2118
0.0001
0.0120%
20.647
0.283
1.390%
89.558
1.080
1.221%
95.24
-1.40
1.45%
1792.055
10.380
0.583%
 
 
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