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After Yesterday's Decline of 1.61%, Cvs Health Corp Offers Investors Better Value

By Shiri Gupta

Cvs Health Corp (NYSE:CVS) traded in a range yesterday that spanned from a low of $67.10 to a high of $68.50. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $68.08 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 $67.30, 1% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders cvs health corp

Ticker(s): CVS