Busted Ascending Triangle Bottom FishingDown she goes. A lot of red. Not sure how much more selling there can be.
Set my alert to let me know when the bottom comes
Happy trading
CVS trade ideas
Buying opportunity in CVS after Walgreens earnings bombCVS is pulling back in sympathy with Walgreens after WBA earnings were a dud. However, the adverse impact on Walgreens sales was "almost entirely from the company's non-U.S. businesses," according to the company's report. CVS operates almost exclusively in the United States, with 9,750 US locations and just 150 internationally. This suggests that CVS should be relatively insulated from the fall-off in international demand that Walgreens saw.
CVS is in almost every way a better company than Walgreens. It has better analyst ratings, better financial health, and a much better valuation in terms of PEG ratio. Its dividend yield and dividend growth are lower, but its growth plan has been more aggressive, with the rollout of HealthHub stores and telehealth services continuing on schedule amidst the pandemic. Walgreens has lagged behind CVS in its plans to add healthcare clinics to its retail stores. CVS's relationship with UPS may prove an additional tailwind amidst the pandemic. Walgreens partners with UPS's smaller competitor, FedEx.
$CVS - setting up nicely for an explosive move. Squeezing here.
1. IVP - 11%
2. IV - 29%
The breakout can be significant.
The options are a bit manipulated. So, build your position accordingly.
Buy the Volatility here. Spreads such as Back Ratio Spread, Buying Iron Condor / Iron Fly.
Below is an example.
For less experienced trader
BUY +1 IRON CONDOR CVS 100 (Weeklys) 11 SEP 20 65.5/69.5/65.5/61.5 CALL/PUT @2.50 LMT
For an experienced trader
BUY +1 1/1/-1 CUSTOM CVS 100 (Weeklys) 11 SEP 20/11 SEP 20/11 SEP 20 65/65/61 CALL/PUT/PUT @3.20 LMT
Both are done for a debit. Strictly close 1 week prior to expiration.
The risk is, This stock can squeeze for a month. However I feel like this will explode in 2 weeks.
CVS also seem in a good position to the upsideNot a volatility name. But keep in mind the yellow down trend line is a monthly resistance. Could profit from realized volatility over implied.
$CVS breaking out of major downtrend $CVS on the daily is breaking out of a major down sloping fib channel ducc haz had plotted for months now. 4hr painting a potential inverse h&s reversal pattern, punp it
cvs doesn't look goodLooks like CVS is in a consolidation period. Distribution is more likely being that there's more selling than buying. ER estimates also appear to be too high to hit and all the indicators are pointing down. I would open a position after earnings but if i had to call it right now it looks bearish for CVS. The ceiling is at 67$ and the floor is 60$
ABC Bullish S TriangleI think earnings are on 8-5 but it says "estimated. Double check that
I have owned this for a long time. It tends to be a slow mover but to me it is in the "safe" category..if there is such a thing as safe!
Stop under C
Not a recommendation
CVS Bullish FlagRose in uptrend and seemed to break trend and formed a bullish flag horizontal channel. Breakout after this consolidation
CVS Breakout!CVS is technically and fundamentally strong!
BUY BUY BUY
8.5x Forward Earnings
1.29 Price to Book
5x EBIDTA
9.7x EV / EBITDA
+3% Dividend Yield
Not convinced to buy or longStill on a downtrend, guys! trade with caution.
#tradewithstrategy
#noFOMO
#analysisfun
CVS Gap to Fill on Strong UptrendCVS keeps pushing up, likely to keep going to fill the gap from the market crash.
CVS gap fill incoming Gap fill at the 200wma fill seems to be the current destination, I would guess a re-test of this area after before breaking higher . Very powerful double bottom adam eve forming as well.
2degreez - CVS Possible LONG Opportunity on the SLOW MoverCVS entry and targets explained in the chart. Sad I missed March bottoms in a lot of these plays but better late than never.
Not looking for much here, just an initial move to 65 with a possible long hold and move to 75.
$CVS Fundamentally and Technically ReadyCVS is not just a pharmacy anymore, it is a healthcare brand
Minute clinics with healthcare providers, pharmacies, but most importantly, one of the top insurers in the country.
This means from top to bottom, CVS will handle your outpatient visit, insurance claim, and dispense your medication. One stop shop. Their future is bright
Technicals:
Huge inverse head and shoulders developing over the last weeks on the daily.
The hourly has hidden bullish divergences and now looks to be bottoming on the final arm of the pattern.
Slower mover typically so this is a buy and hold with the first target of 74.
Aetna Better Health Announces Medicaid STAR Kids Contract Award CVS: CVS Health
2020-05-08 16:17:00
Aetna Better Health Announces Medicaid STAR Kids Contract Award in Texas
