CVS Caremark Bearish Moving Average Crossover Alert (CVS)
CVS Caremark (NYSE:CVS) crossed under its 10-day moving average of $104.40 on a volume of 751K 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 $103.90, which is 28% above that low price. 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 subscribers consider buying shares of CVS Caremark on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.01. Since that recommendation, shares of CVS Caremark have risen 7.0%. We continue to monitor CVS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses CVS Caremark