The Greedy Trader Weekly Analysis
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CVS Caremark Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 5 consecutive negative weeks for the CVS Caremark Corp. (CVS). During the week, the CVS gained 6.74 points, or 9.22%, and closed at 79.83 on Friday, November 09, 2018. Weekly volume was 8% above average.

CVS is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CVS long-term trend chart]
A long-term downtrend had started on July 29, 2015 at 113.65 and reached 60.14 on March 27, 2018. CVS lost 53.51 points, or 47.08%, in 138 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 53.70 and resistance is at 85.39. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on March 27, 2018 at 60.14 and reached 81.28 on November 7, 2018. CVS gained -21.14 points, or -35.15%, in 32 weeks. The price is now at the 6.86% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CVS short-term trend chart]
A short-term uptrend had started on October 29, 2018 at 69.48 and reached 81.28 on November 7, 2018. CVS gained -11.80 points, or -16.98%, in 9 days. The price is now at the 12.29% retracement level.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.28
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.08
Overbought
Greed/Fear Indicator (GFI) 82.21
Overbought
Moving Average Converg./Diverg. (MACD) -0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.56
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 43.35
Greed/Fear Indicator (GFI) 64.41
Moving Average Converg./Diverg. (MACD) 1.60
Trading Signals
Description Value Chart
Yearly Trendline Resistance 85.39
Upper Bollinger Band 81.35
Daily Stochastic Crossing 80.12
Price 79.83
50 Day Moving Average 76.17
20 Day Moving Average 73.94
Weekly Stochastic Crossing 73.69
Parabolic System 73.49
Lower Bollinger Band 69.50
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drug Stores 146
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.48
Low Date 10/29/2018
High 81.28
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.48
Low Date 10/29/2018
High 81.28
High Date 11/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.48
Low Date 10/29/2018
High 81.28
High Date 11/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 81.28
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 85.39
Support 53.70
High 113.65
High Date 07/29/2015
Low 60.14
Low Date 03/27/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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