CVS Health is neutral

Our pivot point is at 55.6.

Our preference

Look for a drop towards 55.6 before a bounce.

Alternative scenario

The downside breakout of 55.6 would call for 52.8 and 51.1.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading under its 20 day moving average (59.209) but above its 50 day moving average (58.0808).

Supports and resistances

68.3 **

66.5 *

64.8 **

63

59 (USD-last)

56.8

55.6 **

52.8 *

51.1 **

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