CVS Health had its Relative Strength (RS) Rating upgraded from 73 to 81 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
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CVS Health is trying to complete a consolidation with a 111.35 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Note that it's a third-stage base. Such patterns can work and do sometimes launch nice runs, but, statistically, they're more likely to fail than earlier-stage consolidations.
Earnings growth rose last quarter from -1% to 6%. But sales fell from 11% to 10%.
CVS Health holds the No. 1 rank among its peers in the Retail-Drug Stores industry group.
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