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Stock Investors Bid Up Shares of CVS Caremark, Up 1.8%

Published on Fri, 06/21/2013 - 11:38
By Mallory Stone

CVS Caremark (NYSE:CVS), a company whose shares are moving quickly, is trading 1.8% higher to $58.00. The Dow is up 0.2% to 14,793 and the S&P is currently trading fractionally higher to 1,590.

CVS Caremark Corporation is a pharmacy services company that operates a chain of drugstores located throughout the United States. The stores offer a wide range of branded and generic drugs, as well as household goods. CVS also operates photo labs at its locations.

In the past 52 weeks, shares of CVS Caremark have traded between a low of $43.65 and a high of $60.70 and are now at $58.00, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

CVS Caremark (NYSE:CVS) has potential upside of 11.0% based on a current price of $58.00 and analysts' consensus price target of $64.36. The stock should find resistance at its 50-day moving average (MA) of $58.40, as well as support at its 200-day MA of $51.72.

By Mallory Stone
mstone@fnno.com