CVS's most recent trend suggests a bearish bias. One trading opportunity on CVS is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 11.86% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $109.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for CVS is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for CVS is bearish.
The RSI indicator is at 30.42 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CVS
Top Analyst Reports for Merck, CVS Health & American Tower
Wed, 06 Apr 2022 16:39:04 +0000
Today's Research Daily features new research reports on 16 major stocks, including Merck & Co. Inc. (MRK), CVS Health Corporation (CVS), and American Tower Corporation (AMT).
Should You Remain Confident in Your CVS Health (CVS) Position?
Wed, 06 Apr 2022 13:54:39 +0000
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CVS Health (CVS) Stock Moves -0.54%: What You Should Know
Tue, 05 Apr 2022 21:45:09 +0000
CVS Health (CVS) closed the most recent trading day at $99.46, moving -0.54% from the previous trading session.
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Think tank urges CVS to examine diversity plan's impact on ‘non-diverse’ workers
Mon, 04 Apr 2022 18:34:51 +0000
CVS Health Corp. rejected a proposal from a right-leaning think tank to audit its conduct an audit on its diversity strategy and its impact on “non-diverse” employees.
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