CVS breached channel top; buy the pullback

CVS has been on a monster run, and today it breached the top of its long-term downward trending parallel channel. CVS is overbought, so it will probably pull back before moving higher, but the channel breach is a bullish signal that strongly suggests the downtrend is over. I expect CVS to see 100 within a year or two.

Kommentera:

CVS appear to be platforming for another leg higher, so I am back in just under $74.