Bought CVS near day highsLike CVS corp culture; debt to equity, low beta. Everything seems pricey now but there might be some short term upside here.Longby mbslack1Updated 3
CVS set up for a couple of nice opportunities!So CVS looks to be in a pretty nice channel and trading pretty nicely inside it. I think two things could happen. 1, it could breakout of the channel in which I would buy in after the retest or 2, it could trade back down to support which I would buy at a really nice discount. Two entries on the chart, lets see what happens. It could also keep trading in this channel which wouldnt be all that bad because some serious pressure would be building up for a pretty nice pop bearish or bullish. Lets keep an eye on this one!Longby nitrotrader0
$CVS Weekly looks inviting and strong 78.5c from .16 now.42 Loving this setup going long... Always been a CVS bull and still remain that wayby TheTradingNinja0
CVS pops above 200d MA, MACD bullishIf you didn't get in around 76 I feel bad for you son Got 99 problems but AMZN eating my lunch aint oneby keekerdc1
CVS Continues to Head Lower, Walgreens Remains in a Wedge $CVS $CVS ($CVS) Daily: $CVS appears to be on its wave 4 corrective move before starting and completing the final Elliot Wave, shown in this daily chart. Wave 3 retraced back to 0.618 fib level as it was expected, and appears to coil between $75-85 range for the time being. A break below the $75 level would indicate a move to its target of ~$60 price target. Walgreens ($WBA) doing much better than its competitor, remains in a wedge for the past year and half, perhaps awaiting the outcome of the Rite Aid merger, at this point which remains very shaky. MACD appears to be rolling over a bit here, while RSI both on the weekly and daily proves to be inconclusive. A break below the wedge channel support would almost certainly show a test of the $75 support level, while a break above would probably retest the $97 highs. No reason to get greedy and flip a coin here and guess; being patient here and chasing momentum would prove to be the better course, as technicals do not provide a direction either way at this point in time. by grenadetrade113
$CVS - Testing a trend lineBouncing off - testing a trend line Could be a bullish signal watching price action and how the candle finishes todayLongby onesun4
CVS - Excellent price action Excellent price action following a recent signal for a bottomLongby Fiboman113
CVS Watchlistreally good company, could be a good entry point on a longterm investmentLongby LaserTheEnd7
CVS Bearish signalsCVS showing a gartley pattern. While I don't usually go in for harmonics on stocks, there's a lot of confirming signals here. Plus it just broke major support. Short this baby! Look for anywhere between a $65 and $75 target depending on your timeframe and general trading strategy.Shortby mologna4
Buy CVS Apr17 85 Puts @ $4 ~ Swing short in DowntrendCVS is in a healthy downtrend and broke through the 200sma with strength. The RSI peaked with the prices retraced. Prices are now retracing with 34EMA and 200sma resistance. In addition, the 2nd leg of the retracement will be found @ 85.7. Multiple areas of resistance confluence. Target a move to $80.50 for first profit stop and move to breakeven. Shortby TradingBandito06Updated 113
Rebounding off bottom: Buy.GOOD FUNDAMENTALS Rated buy by analysts with 20% upside Less volatile than the market (Beta 0.89) Sensible valuation (P/E 15.72x, P/BV 2.18x) Healthy growth (5 yr avg revenue +10%, ROE +14%) TECHNICALLY IMPROVING Has been on a downtrend since the historical top of July 2015 Long and medium term technical pictures still negative Has retraced 53% of major move started in Dec 2011 Stock now appearing oversold (RSI<30) Has found a temporary floor at $69.30 post disappointing earnings This also corresponds to the 61.8% Fib retracement ($68.87) FLOWS IMPROVING After earnings sell-off on Nov 8 the stock traded up significantly on 5.5x average volume PLAIN VANILLA LONG STRATEGY Buy at the market Stop loss $69.30 Time horizon year-end Target 1 $81.25 R/R 1.73x Target 2 $86.00 R/R 2.82xLongby HAL9000Updated 4
$CVS Do or Die MomentHourly chart of $CVS consolidating after the earnings breakdown and subsequent follow upLongby deepiceman1
Symmetrical triangle completeThere is only one way this can end up. I'm betting on breakout to higher side. IV is crushed. Calls are so cheap.Longby swing_trader42114