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Bullish Moving Average Cross by Cvs Health Corp (CVS)

By Nick Russo

Cvs Health Corp (NYSE:CVS) shares have crossed bullishly above their 10-day moving average of $76.62 on a volume of 651K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cvs Health Corp share prices have moved between a 52-week high of $98.66 and a 52-week low of $69.30 and are now trading 11% above that low price at $76.83 per share. The 200-day and 50-day moving averages have moved 0.14% lower and 0.51% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cvs Health Corp on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $92.74. Since that call, shares of Cvs Health Corp have fallen 17.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cvs health corp

Ticker(s): CVS