CVS Health Corp. stock trades under the ticker CVS & has shown recent bullish activity that traders & investors should take a closer look at.
CVS stock closed at $104.64/share on 4/12/2022.
CVS Health Corp. CVS Stock’s Technicals Broken Down
CVS Stock Price: $104.64
10 Day Moving Average: $102.67
50 Day Moving Average: $104.79
200 Day Moving Average: $93.32
RSI: 51.01
MACD: -0.33
Yesterday, CVS stock completed a bullish MACD crossover, although they dipped just below their 50 day moving average.
Their recent trading volume has been about average compared to the year prior, and their RSI is neutral at 51.
CVS stock must break above the $106.36, $107.52 & $107.73 resistance levels.
CVS Health Corp. CVS Stock As A Long-Term Investment
Long-term focused investors will like CVS stock’s valuation metrics, with a 17.55 P/E (ttm) & a P/B (mrq) of 1.83.
CVS stock’s balance sheet may require a closer examination by investors, as they reported $12.52B Total Cash (mrq), with $76B in Total Debt (mrq).
CVS stock pays a 1.91% dividend, which appears to be stable in the long-term as their payout ratio is 33.6%.
80% of CVS stock’s outstanding share float is held by institutional investors.
CVS Health Corp. CVS Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from CVS stock’s price movements, while hedging against volatility.
I am looking at the contracts with the 5/20 expiration date.
The $100, $105 & $110 call options all look appealing, and have solid levels of open interest.
The $120, $115 & $110 puts also look good, and are liquid as well.
Tying It All Together
All-in-all CVS stock has many appealing characteristics that traders & investors will like.
Investors will like their valuation & dividend, but may want to look closer at their balance sheet structure before investing.
Traders will like their current momentum, as well as the liquidity of their options contracts.
CVS stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF CVS STOCK AT THE TIME OF WRITING THIS ***