- FXFINPRO Capital newsletter
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- Technical Analysis
- 10.02.2015 - CVS Corp is trying to overcome the psychologically important level of 100.00
10.02.2015 - CVS Corp is trying to overcome the psychologically important level of 100.00
The stock price CVS Corp has broken the lower boundary of the ascending channel and continues to consolidate near the level of 100.00. In case of overcoming this mark and return of the price within the boundaries of the channel, we expect continued growth to 106.00 and 110.00. On the other hand, a drop in prices and consolidation below the local minimum at 98.30, will confirm the signal for the opening short positions with the potential of reduction to 93.90 and 91.30. Our medium-term outlook is positive, but we do not exclude the correction in the near future.