[May 24, 2013] CVS Caremark (CVS) Approaches New Upside Target of $59.18 Tweet May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of CVS Caremark (NYSE:CVS) have bullishly opened above the pivot of $58.28 today and have reached the first resistance level of $58.76. Should the shares continue to rise, the resistance pivots of $59.18 and $60.08 will be of interest. In the past 52 weeks, CVS Caremark share prices have been bracketed by a low of $43.30 and a high of $60.66 and are now at $58.96, 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%. CVS Caremark has overhead space with shares priced $58.96, or 8.4% below the average consensus analyst price target of $64.36. CVS Caremark shares have support at the 50-day moving average (MA) of $57.03 and additional support at the 200-day MA of $50.44. SmarTrend recommended that subscribers consider buying shares of CVS Caremark on December 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.20. Since that recommendation, shares of CVS Caremark have risen 23.6%. We continue to monitor CVS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]