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Cvs Health Corp Bearish Moving Average Crossover Alert (CVS)

By James Quinn

Cvs Health Corp (NYSE:CVS) crossed under its 10-day moving average of $68.06 on a volume of 866K 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, Cvs Health Corp share prices have been bracketed by a low of $66.45 and a high of $98.66 and are now at $67.83, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cvs Health Corp on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $74.85. Since that call, shares of Cvs Health Corp have fallen 8.8%. 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