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Cvs Health Corp Set to Possibly Pullback After Yesterday's Rally of 2.26%

By David Diaz

Cvs Health Corp (NYSE:CVS) traded in a range yesterday that spanned from a low of $73.94 to a high of $74.44. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $73.36 on volume of 3.0 million 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 $77.03 and is now at $75.00, 45% above that low. The 200-day and 50-day moving averages have moved 0.47% higher and 0.53% higher over the past week, respectively.

Keywords: rebounders cvs health corp

Ticker(s): CVS