CVS Health may rise to 67.40 - 70.50

53.1 is our pivot point.

Our preference

Short term rebound towards 67.4.

Alternative scenario

The downside breakout of 53.1 would call for 47.8 and 44.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 59.6375 and 68.616).

Supports and resistances

73.7 **

70.5 *

67.4 **

64.2

57.4 (USD-last)

55.2

53.1 **

47.8 *

44.7 **

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