The Long Investor

$CVS - RC -

Added 2024-10-21 12:36:13 +0000 UTC

On the long term chart, $CVS is holding a critical support level that has been in place since 2003 and bounced very well on it this year, helped by the blue support line that has also been in place since 2018

The concern with $CVS is whether or not $AMZN is going to destroy it the more they move into the sector, especially as they start distributing drugs to households now on the same day delivery.

$CVS's margins are not bad and it is considered undervalued but there is a long term concern.

We could see $CVS move within this ascending triangle for the next 5 years and take until 2028 to hit the 200 WMA

What is likely very attractive here is the 4.4% dividend but considerably less than $WBA, in the same sector, which is at 9.2%