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Bearish Moving Average Cross by CVS Caremark (CVS)

By Shiri Gupta

Today, shares of CVS Caremark (NYSE:CVS) have crossed bearishly below their 10-day moving average of $97.26 on a volume of 423K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of CVS Caremark have traded between a low of $81.37 and a high of $113.65 and are now at $97.13, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in CVS Caremark. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CVS Caremark in search of a potential trend change.

Keywords: moving crosses CVS Caremark

Ticker(s): CVS