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Watch for Cvs Health Corp to Potentially Rebound After Falling 1.70% Yesterday

By Nick Russo

Cvs Health Corp (NYSE:CVS) traded in a range yesterday that spanned from a low of $73.60 to a high of $74.55. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $74.43 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Cvs Health Corp share prices have moved between a 52-week high of $80.67 and a 52-week low of $51.77 and are now trading 42% above that low price at $73.67 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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