CVS Health may fall to 50.50 - 52.30

Our pivot point is at 62.9.

Our preference

Target 52.3.

Alternative scenario

The upside breakout of 62.9 would call for 65.9 and 67.8.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (63.047) but above its 50 day moving average (59.7952).

Supports and resistances

67.8 **

65.9 *

62.9 **

61.7

60.34 (USD-last)

54

52.3 **

50.5 *

48.8 **

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