CVS Caremark Bearish Moving Average Crossover Alert (CVS)
CVS Caremark (NYSE:CVS) crossed under its 10-day moving average of $102.26 on a volume of 754K shares. This may provide short-term investors a chance 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 $101.73, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for CVS Caremark and will alert subscribers who have CVS in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses CVS Caremark