CVS shares are breaking out to the upside after a 3-year bear market cycle, according to the charts
CVS Health (CVS) has a bullish turnaround underway after a three-year bear market cycle culminated in a shakeout of “weak” holders in December. Shakeouts are usually associated with investor capitulation, leaving major lows in their wake. Long-term momentum shifted meaningfully behind CVS in March, when the monthly MACD confirmed its first “buy” signal since September…