CVS Health may rise to 70.40 - 74.00

Our pivot point stands at 51.4.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 51.4 would call for 45.7 and 42.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (56.212) but below its 50 day moving average (65.3006). Finally, CVS Health is trading above its upper Bollinger band (standing at 58.97).

Supports and resistances

77.6 **

74 *

70.4 **

66.8

59.6 (USD-last)

53.6

51.4 **

45.7 *

42.4 **

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