CVS Health may fall to 50.00 - 51.80

60.7 is our pivot point.

Our preference

The downside prevails as long as 60.7 is resistance.

Alternative scenario

Above 60.7, look for 63.8 and 65.6.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 60.278 and 59.5408). Finally, CVS Health is trading below its lower daily Bollinger band (standing at 57.94).

Supports and resistances

65.6 **

63.8 *

60.7 **

59.4

57.52 (USD-last)

53.6

51.8 **

50 *

48.1 **

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