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Cvs Health Corp Set to Possibly Rebound After Yesterday's Selloff of 1.61%

By Amy Schwartz

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.

Cvs Health Corp share prices have moved between a 52-week high of $98.66 and a 52-week low of $66.45 and are now trading 1% above that low price at $67.30 per share. Over the last five market days, 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