CVS Caremark Corp. (CVS) offers buying on dips opportunity around $27

By Mark Moneymaster
November 06, 2009 8:47 AM

Symbols: CVS

Posted in: Earnings, Long Ideas, Technicals, Movers, Trading Ideas

CVS Caremark Corp. (NYSE: CVS) fell by near 20% in Thursday’s session alone after a weak future outlook.

CVS Caremark Corp. (CVS) stock has got a strong support level around $27 levels. Investors should use the current sharp fall in the CVS Caremark Corp. (CVS) stock as a buying opportunity.

Currently the stock is trading in a broad range of $27-$35 levels. Lower end of the range is a good opportunity to make fresh long positions.

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CVS Caremark Corp. (CVS) offers buying on dips opportunity around $27

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