Start with the trend. The EMAs are stacked on the daily, the 8 over the 21 over the 34, and the price is holding above all of them. It's been grinding higher along those 8 and 21 for months, rather than spiking and stalling. The weekly EMAs are stacked the same way. When the daily and the weekly line up like that, the trend is doing exactly what you want. Then the squeeze. There's a squeeze on, which just means the stock coiled up tight and quiet before its next move, and the momentum behind it is still pushing higher instead of fading. Stacked EMAs with a squeeze firing is the setup. That's the whole thing I look for. The pattern backs it up. It's been basing up near the highs rather than rolling over, and a tight base like that is usually a good sign. Your Action PlanEarnings are the thing to watch. CVS reports on August 5, before the open. The options will be pricey into that print because they price in the earnings move, so it's one to keep an eye on rather than chase. There's also a Medicare rate decision that already broke its way for 2027, and it starts selling the weight-loss drug Zepbound through its pharmacy business on October 1. And it's not moving in a vacuum. Money's been rotating out of the crowded tech and AI names into healthcare, and CVS is one of the charts catching that flow. A name that's stacked and squeezing, sitting in the group the money's moving into, is the kind of thing I want on the list. If you want to know how else I’m finding trades, you’ll want to check this out. |
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