Golden Cross on $CVS5 year downtrend broken? Looks like $CVS will be attempting to reach the all time highs set 5 years ago on MAY 13 2016.
Get ya popcorn ready!!
CVS trade ideas
CVS earnings tomorrow pre marketCVS earnings are tomorrow 5/4 pre market at 6:30am. CVS (CVS) reported Q4 December 2020 earnings of $1.30 per share on revenue of $69.6 billion. The consensus earnings estimate was $1.24 per share on revenue of $68.7 billion. Revenue grew 4.0% on a year-over-year basis. The company said it expects 2021 earnings of $7.39 to $7.55 per share. The current consensus earnings estimate is $7.53 per share for the year ending December 31, 2021.
Q1 March 2021 Consensus:
EPS = $1.72
Revenue = $68.38B
P/E = 13.98
Div/Yld = 2.62
R3 = $80.37
R2 = $78.91
R1 = $77.34
pivot = $75.77
S1 = $74.30
S2 = $72.84
S3 = $71.27
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HTF - Long CVSCVS really likes testing this rising, upper trend line. It's reversed every time it has crossed it, but it keeps coming back for more. We seem to be heading back now, as an inverse head and shoulders appears to be forming, and it's on the verge of breaking out of it's local trend line, while starting to curve upwards. MACD supports a reversal here. RSI supports continued upwards momentum. Price has made a lower low and a new local higher high. Be warned... the trend line we're touching right now could also act as short term resistance. Another lower low would be healthy.
This appears to be a good long term play. Looks like it is possible of reaching 174 by 2024.
CVS estimated target of $79 by May 3rdSmaller internal bullish descending channels working their way higher in a larger overall bullish ascending channel
...then continuing the trend upwards along the ascending channel if it doesn't break through
cvs cup and hand/ inverse h&swhatever ya wanna call it
the backtest looks finished
i think it can get $82 on the next wave
last earnings it ran up before and sold off
looks like it wants to move again
CVS Butterfly 75/80/85 without split screen.This is a correction on the screen display see previous idea for DD.
CVS Butterfly for April 30Dipping the toe in on CVS with a butterfly 175/180/185 @ $0.68. It is approaching 52 week high just above $77 on the 4th attempt in 6 months. If it is rejected and stays in the channel, another attempt to push past 52 week high will be right around the corner. You could close all or half (if you buy multiple contacts) at $77 for 190% profit. If price makes it to $80 on expiration you could close for 615% profit. This isn't advice and I am not a professional. Just looking for low risk/ high gain plays.
CVS to $78 | Buying $78 call if CVS stays around $74 or $73 Looks like CVS is hovering just above the oversold area & MACD is showing a downtrend. Looks like it's getting set up for a rebound to the $78 level. I'm going to use the 0.618($73.94) level as a guideline to place my call. Also, I'm going to wait to see the lines nearing a cross on the MACD as a reversal in the squeeze momentum indicator.
Let me know if you guys agree with this analysis. :)
CVS Strong BUY!!CVS has a great looking bullish pattern. Expecting a breakout higher in the coming weeks.
Monthly setup - CVS1/Apr/2021 12:30 PM AUTHOR: Brandon Gum
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Monster setup here.
RSI at pivot level.
Price above 67 pivot is constructive.
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$CVS Cypher small violation See chart for follower request on butterfly attempt @PETEYboy very close to Cypher
CVS, Long term bullishCVS has broken out of mid term downtrend resistance line and consolidating for next move higher
Long term bullish
*Pls do your own D.D.
$CVS with a Neutral outlook following its earnings #Stocks The PEAD projected a neutral outlook for $CVS after a positive over reaction following its earnings release placing the stock in drift B
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CVS with the Inverted H&SI'd say to be aggressive this is enter now at $74
Stop at $69.89
PT1 85 (R/R 11/4 or 2.6:1)
PT 2 97
R/R isn't great.
I like it though.
trade with caution herelot of rejections off top resistance areas. be careful if holding shares or calls! i think we can see a dip entry at 60-62 in the near future. neutral here for now
$CVS is readyEntry is $70.75 - target is 85-90, set your stop loss
Curl off the 50 MA
Stochastic, MACD and ATR are all supportive
Purchasing CVS Puts with 12 Mar expPrice appears to have been rejected between $71 and $70. Therefore, I am expecting price to break lower through the most current support and fall to the next support around $68 and $67.
