CVS Health saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 70 to 73.
Can You Really Time The Stock Market?
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their largest climbs. See if CVS Health can continue to show renewed price strength and clear that threshold.
CVS Health is trying to complete a cup without handle with a 70.23 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
While earnings-per-share growth decreased in the company's most recently reported quarter from 72% to -1%, sales grew 8%, up from 7% in the previous report.
CVS Health earns the No. 2 rank among its peers in the Medical-Managed Care industry group. Alignment Healthcare is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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