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.
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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