Stock Of The Day: Where Is The Bottom For CVS?

CVS Health Corporation (NYSE:CVS) is flat on Wednesday. The shares dropped by almost 15% yesterday after it was reported that Medicare was proposing rates that are well below expectations. • What’s driving CVS shares today?If the shares continue to trend lower, they may find support around $70. They may even rally off this level. This is why CVS is the Stock of the Day.Successful traders understand which price levels in a market are important. These are called support and resistance levels.If a stock is tre ...