CVS Health Corp | CVS | Long at $43

há 3 dias

Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens WBA is also in trouble, is CVS too big to fail in the short-term?

Target #1 = $53.00
Target #2 = $60.00
Target #3 = $65.00
Target #4 = $68.00