CVS Heath Corp CVS shares are trading higher by $2.85 at $104.30 in Tuesday's session. The catalyst for the rally is a Q1 beat for EPS of $0.02 along with a slight revenue beat.
The issue, which had been in a $100-$103.60 trading range since April 7, is breaking out of that range as investors are applauding the Q1 report.
After a slightly higher open, it retreated sharply but found support ahead of Monday's low ($100.26), only reaching $100.52 before embarking on a rip-roaring rally.
So far, it has reached $104.31 and isn't far off that level. Its next daily resistance levels based on the daily charts comes in at its April 4 high ($104.56) and April 1 high ($105).
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