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CVS Caremark Crosses Above its 10-day MA (CVS)

By David Diaz

CVS Caremark (NYSE:CVS) shares have crossed bullishly above their 10-day moving average of $94.83 on a volume of 4.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $97.57, which is 20% 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 its subscribers protect gains by selling shares of CVS Caremark on May 23rd, 2016 by issuing a Downtrend alert when the shares were trading at $98.82. Since that call, shares of CVS Caremark have fallen 5.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses CVS Caremark

Ticker(s): CVS