The Greedy Trader Weekly Analysis
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CVS Caremark Corp.
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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageTrend resistance at 69.83The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 4.16 points, or 6.41%, and closed at 69.05 on Friday, August 10, 2018. It was the best weekly gain since April 27, 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 Wedge chart pattern. The trend support level is at 56.40 and resistance is at 77.83. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge 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 72.92 on June 21, 2018. CVS gained -12.78 points, or -21.25%, in 12 weeks. The price is now at the 30.28% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CVS short-term trend chart]
A short-term downtrend had started on June 21, 2018 at 72.92 and reached 63.04 on June 28, 2018. CVS lost 9.88 points, or 13.55%, in 7 days. The chart has formed a Rectangle chart pattern. The price is near the trend resistance line (69.83). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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) 61.75
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 70.47
Greed/Fear Indicator (GFI) 72.59
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.30
Williams' Percentage Range (W%R) 34.60
Lane's Stochastic (%D-Slow) 41.15
Greed/Fear Indicator (GFI) 53.03
Moving Average Converg./Diverg. (MACD) -1.51
Trading Signals
Description Value Chart
Yearly Trendline Resistance 77.83
Weekly Trendline Resistance 69.83
Upper Bollinger Band 69.66
Price 69.05
Daily Stochastic Crossing 68.03
50 Day Moving Average 67.04
Weekly Stochastic Crossing 66.64
20 Day Moving Average 66.39
Lower Bollinger Band 63.60
Parabolic System 63.41
Weekly Trendline Support 59.91
Yearly Trendline Support 56.40
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drug Stores 72
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 70.34
High Date 07/12/2018
Low 63.23
Low Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Test Resistance
Resistance 69.83
Support 59.91
High 72.92
High Date 06/21/2018
Low 63.04
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 72.92
High Date 06/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.67
High Date 05/09/2016
Low 60.14
Low Date 03/27/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 77.83
Support 56.40
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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