CVS - Long @ 71.96
Long @ 71.96 for a speculative bounce to the 20DMA (yellow line)
1/2 position.
It is speculative because of how oversold this name is and it looks like a double bottom. Could also be a complete breakdown in price, thus the tight stop.
1/2 position.
It is speculative because of how oversold this name is and it looks like a double bottom. Could also be a complete breakdown in price, thus the tight stop.
Trade active
Added 1/2 @ 72.25. Max position! Avg: 72.11
Trade active
CVS's descending wedge will resolve with earnings next week and we're in at rock bottom. Very favorable set-up. I've added in a stop at break-even this morning.
Trade active
Sold 1/4 @ 73.85Trade closed: stop reached
Auto-stopped out yesterday on remaining 3/4 at 72.11 (break-even)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.