CVS Health Corp | CVS | Long at $43

Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens WBA is also in trouble, is CVS too big to fail in the short-term?

Target #1 = $53.00
Target #2 = $60.00
Target #3 = $65.00
Target #4 = $68.00
CVScvsbuycvshealtcarecvshealthcvshealthcorporationcvslongcvsstockMoving AveragesSupport and ResistanceTrend Lines

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