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Next Support Level for Cvs Health Corp (CVS) is $53.24

By Amy Schwartz

Shares of Cvs Health Corp (NYSE:CVS) have bearishly opened below the pivot of $53.79 today and have reached the first support level of $53.60. Should the shares continue to fall, the support pivots of $53.24 and $52.69 will be of interest.

In the past 52 weeks, shares of Cvs Health Corp have traded between a low of $51.77 and a high of $82.15 and are now at $53.56, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.2%.

Cvs Health Corp (NYSE:CVS) has potential upside of 62.1% based on a current price of $53.56 and analysts' consensus price target of $86.81. The stock should run into initial resistance at its 50-day moving average (MA) of $57.96 and subsequent resistance at its 200-day MA of $68.39.

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: pivot alerts cvs health corp

Ticker(s): CVS