CVS Health may rise to 72.70 - 74.30

Our pivot point is at 64.4.

Our preference

The upside prevails as long as 64.4 is support.

Alternative scenario

Below 64.4, expect 61.7 and 60.1.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 61.9535 and 59.324).

Supports and resistances

75.9 **

74.3 *

72.7 **

71

67.46 (USD-last)

65.5

64.4 **

61.7 *

60.1 **

Number of asterisks represents the strength of support and resistance levels.