The USD 93.2 support, currently tested, should allow CVS Health to rally again.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2014 and the enterprise valuation conciliates with its visibility.

After several weeks of horizontal fluctuations within the mid-term range USD 91.8/ 105, the stock is coming back close to the lower limit of the range.
Moving averages are flat and technical indicators illustrate the oversold situation.
The USD 93.2 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the USD 98.3 short-term resistance and then the long-term target price will be the USD 105.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long position in CVS Health in order to benefit from the USD 93.2 support area.
A first target price will be the USD 98.3 resistance, ie a potential of 5%. A stop loss order will be placed under the short-term support currently tested. Only a crossing of USD 98.3 would validate a bullish trend in order to aim a higher target price.