CVS Health Corporation
Long
Aggiornato

CVS - Long @ 71.96

262
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.
Trade attivo
Added 1/2 @ 72.25. Max position!

Avg: 72.11
Trade attivo
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.
CVS Descending Wedge
Trade attivo
Sold 1/4 @ 73.85
Trade chiuso: stop raggiunto
Auto-stopped out yesterday on remaining 3/4 at 72.11 (break-even)

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