Sell Alert: CVS Health (CVS)
TRADE INSTRUCTIONS
Date: May 26, 2017
Name: CVS Health
Symbol: CVS
Type: Close
Limit: Sell at market
TRADE RATIONALE
Our four month holding period for CVS expires today, and I see no reason to extend it so I am closing out this position at a slight loss. I still like CVS from a long-term perspective (it currently has an IDEAL score of 9 on a scale of 0 – 10), but this is a trading service so I cannot justify hanging on to it when it may be several months before it gets going.
If you decide to hang on to CVS a while longer, be aware that it briefly crossed below its lower Bollinger Band last week. The previous two times that happened this year (in February and in March) the stock ran up about 6% over the following couple of weeks, so we may see a bounce back above $80 if that pattern holds true.
Stock Talk
Janis Bell
What is the best way to sell in the future at a given price? e.g. to put in an order to sell when (if) it reaches $80? I didn’t sell at the time of this alert because the IDEAL score information and Bollinger Band info seems encouraging and I don’t (yet) need to have the cash for another purchase.
I’m not too keen on a limit order GTL as the one time I did a GTL above the current price, I got double commission charges as they managed to sell 15 shares one day and the remainder the next.
Jim Pearce
A limit order is the only way I know to do that. Alternatively, you could set an alert at that price so you can then decide how best to handle it.
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Add New Comments
You must be logged in to post to Stock Talk OR create an account