The healthcare sector is getting a safe haven boost. This one stock is headed for a long-term breakout
The healthcare sector has been one of the hottest areas over the last three months.
TL;DR
- Healthcare sector is up 15% year-to-date and seen as a safe haven.
- CVS Health Corp. offers a good risk/reward opportunity for long-term investment.
- Key support level for CVS is between $82 to $86.
- Short-term targets for CVS include $99 and $105.
- Longer-term targets for CVS are $110 and potentially $150.
- New long-term uptrend forming for CVS.
- Momentum indicators are showing positive signals, including a MACD buy signal.