Why CVS Health Stock Could Stage a Rebound

Health insurance stocks slid yesterday, after final Medicare Advantage (MA) payment rates fell below expectations. The news also impacted CVS Health Corp (NYSE:CVS) stock, which staged a 7.2% drop -- its worst daily percentage loss since August. Shares are only modestly higher in today's recovery -- up 0.7% at $74.37 at last glance. For those looking to buy the dip, however, the recent pullback has CVS within one standard deviation of its 200-day moving average, a trendline with historically bullish implica ...