CVS tries to correct downward trend - Analysis - 05-06-2023

CVS Health Corporation's stock (CVS) rose in the intraday levels, with positive signals from the RSI, while the stock is attempting to correct the main downward short-term trend, marking a cautious profit of 1.61% in the last session, or 1.11 points, and settling at 69.99, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 66.34, provided the resistance of 72.11 holds on.

Expected trend for today: Bearish