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After Yesterday's Rally of 1.81% Shares Could Potentially Pullback

By Shiri Gupta

Cvs Health Corp (NYSE:CVS) traded in a range yesterday that spanned from a low of $72.61 to a high of $73.70. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $73.68 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Cvs Health Corp has traded in a range of $66.45 to $98.66 and is now at $73.44, 11% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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.

Keywords: rebounders cvs health corp

Ticker(s): CVS