CVS Health may rise to 67.90 - 69.40

58.8 is our pivot point.

Our preference

The upside prevails as long as 58.8 is support.

Alternative scenario

The downside breakout of 58.8 would call for 56.3 and 54.7.

Comment

The RSI is above 50. 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 58.489 and 58.3796).

Supports and resistances

71 **

69.4 *

67.9 **

66.3

61.54 (USD-last)

59.8

58.8 **

56.3 *

54.7 **

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