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Cvs Health Corp Set to Possibly Rebound After Yesterday's Selloff of 3.56%

By Shiri Gupta

Cvs Health Corp (NYSE:CVS) traded in a range yesterday that spanned from a low of $75.90 to a high of $78.06. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $78.57 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Cvs Health Corp share prices have been bracketed by a low of $60.14 and a high of $83.88 and are now at $76.10, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend is monitoring the recent change of momentum in Cvs Health Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cvs Health Corp in search of a potential trend change.

Keywords: rebounders cvs health corp

Ticker(s): CVS