Market Overview

CVS Health Surrenders Early Gains After Q1 Beat

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CVS Health Corp (NYSE: CVS) shares are now trading lower by $2.36 at $79.60 in Tuesday's session.

Before the open, the company reported a Q1 EPS sales beat of $0.07 along with a $300 million beat for revenues.

After a higher open, the stock continued in that direction until it peaked at $83.30 and reversed course. That high is just shy of its January 20 high of $83.43. That high is also just over the trio of highs from its last three sessions between $82.80 and $82.89.

The swift ensuing decline has taken the issue all the way to $79.29. That low comes in between its April 21 low ($78.96) and its April 24 low ($79.66).

Keep in mind, the stock had a very good April, rallying from its low on April 7 ($76.56) to its highest close from the rally on April 27 at $82.79. At this time, it's attempting to remain in the $80.00 handle.

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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