Technical indicators signal a Ascending Triangle forming. Verify the setup on the chart.
Bullish continuation pattern.
Traders are watching CVS Health (CVS) as price action tightens. The stock is trading at $107.74, up 0.8% on the day. The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 38.9/100, suggesting moderate momentum. A potential breakout level is identified at $110.0, targeting $123.5 with support near $102.92 (R:R 1.91).
What is your outlook on CVS?