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After Yesterday's Rally of 1.20% Shares Could Potentially Pullback

By Amy Schwartz

Cvs Health Corp (NYSE:CVS) traded in a range yesterday that spanned from a low of $75.50 to a high of $76.28. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $75.70 on volume of 686,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Cvs Health Corp and will alert subscribers who have CVS in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Cvs Health Corp has traded in a range of $51.77 to $81.65 and is now at $76.21, 47% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.4%.

Keywords: rebounders cvs health corp

Ticker(s): CVS