CVS
Intraday Fundamentals
• Shares of CVS Health Corp. (CVS) jumped 3.8% in premarket trading Wednesday, after the drugstore and health services company reported third-quarter earnings that beat expectations and raised its full-year outlook. Net income rose to $ 1.53 billion , or $1.17 a share, from $1.39 billion , or $1.36 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS came to $1.84 , above the FactSet consensus of $1.77 . Total revenue grew to $64.81 billion from $ 47.49 billion , boosted by the acquisition of Aetna, to beat the FactSet consensus of $62.99 billion , as the pharmacy and retail businesses topped expectations while health care was in line. Same-store sales rose 3.6% to top the FactSet consensus of 3.1% growth, as better-than-expected pharmacy sales offset a miss in front-end store sales. The company raised its adjusted EPS guidance range to $6.97 to $7.05 from $6.89 to $7.00 . The stock has run up 24.5% over the past three months through Tuesday, while the S&P 500 has gained 6.7%.
Technicals
ADV 7.52 RVOL 2.09 ATR 1.31 BETA .84 Short 1.68% Inst Own 79.70%
Daily
Hourly
Intraday
Trading Strategy
• Long bias
• Hold for some kind of pull in to 68.70
• If it does base above 69, build through some scalps and see if you can get into a trend
• Vwap/sma Momentum trades
•
Reading the Tape
All day, at points I am trading off what I see on the tape. For most of the afternoon, you could sellers push this down and the buyers rally especially around .59 and .60
Trade Management
Review
• I am having fun with this style of trading. I might be a hack. But, I am pretty sure I can grow this as the tape reading and execution skills continue to improve.
• I had the right trade on this. That could have given me something to work around most of the morning. I probably should have been bigger and think that yesterday’s opening trade was haunting me.
• There are plenty of mistakes here
o The countering at the end of day when the SMA was sloping like it did was foolish.
o I need to stay smaller longer into the morning session
o Shorting at 70 was not really on plan, when your bias was right
o I missed trying fo rth obvious longs at 70.30 and VWAP
• There were plenty of well executed scalps
• Risk management was stellar today!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-06 12:47:59 | CVS | sell | $70.570 | short |
2019-11-06 12:48:30 | CVS | buy | $70.584 | 0 |
2019-11-06 12:50:06 | CVS | sell | $70.585 | short |
2019-11-06 12:50:40 | CVS | buy | $70.600 | 0 |
2019-11-06 12:58:01 | CVS | sell | $70.615 | short |
2019-11-06 12:58:07 | CVS | buy | $70.575 | short |
2019-11-06 12:58:29 | CVS | buy | $70.618 | 0 |
2019-11-06 13:01:22 | CVS | sell | $70.668 | short |
2019-11-06 13:01:46 | CVS | buy | $70.640 | short |
2019-11-06 13:02:09 | CVS | buy | $70.640 | 0 |
2019-11-06 13:31:05 | CVS | sell | $70.706 | short |
2019-11-06 13:32:21 | CVS | buy | $70.655 | short |
2019-11-06 13:37:38 | CVS | buy | $70.600 | 0 |
2019-11-06 13:50:31 | CVS | sell | $70.584 | short |
2019-11-06 13:51:19 | CVS | buy | $70.610 | 0 |
2019-11-06 13:54:05 | CVS | sell | $70.689 | short |
2019-11-06 13:54:34 | CVS | buy | $70.658 | short |
2019-11-06 13:54:42 | CVS | buy | $70.660 | 0 |
2019-11-06 14:12:32 | CVS | sell | $70.806 | short |
2019-11-06 14:12:53 | CVS | buy | $70.775 | short |
2019-11-06 14:14:52 | CVS | buy | $70.800 | 0 |
2019-11-06 14:17:45 | CVS | sell | $70.856 | short |
2019-11-06 14:18:15 | CVS | buy | $70.875 | 0 |
2019-11-06 14:19:37 | CVS | sell | $70.851 | short |
2019-11-06 14:19:37 | CVS | sell | $70.851 | short |
2019-11-06 14:19:57 | CVS | buy | $70.850 | short |
2019-11-06 14:19:58 | CVS | buy | $70.850 | short |
2019-11-06 14:19:58 | CVS | buy | $70.843 | 0 |
2019-11-06 14:22:09 | CVS | sell | $70.836 | short |
2019-11-06 14:22:33 | CVS | buy | $70.810 | short |
2019-11-06 14:29:35 | CVS | buy | $70.810 | 0 |
2019-11-06 14:32:57 | CVS | sell | $70.734 | short |
2019-11-06 14:33:23 | CVS | buy | $70.760 | 0 |
2019-11-06 14:34:08 | CVS | sell | $70.740 | short |
2019-11-06 14:34:08 | CVS | sell | $70.740 | short |
2019-11-06 14:34:13 | CVS | buy | $70.685 | short |
2019-11-06 14:34:22 | CVS | buy | $70.740 | 0 |
2019-11-06 14:46:09 | CVS | sell | $70.855 | short |
2019-11-06 14:46:15 | CVS | buy | $70.820 | short |
2019-11-06 14:46:29 | CVS | buy | $70.860 | 0 |
2019-11-06 14:48:37 | CVS | sell | $70.764 | short |
2019-11-06 14:48:53 | CVS | buy | $70.765 | 0 |
2019-11-06 14:49:30 | CVS | sell | $70.739 | short |
2019-11-06 14:49:49 | CVS | buy | $70.725 | 0 |
2019-11-06 14:53:23 | CVS | sell | $70.755 | short |
2019-11-06 14:53:42 | CVS | buy | $70.760 | 0 |
2019-11-06 14:54:19 | CVS | sell | $70.733 | short |
2019-11-06 14:54:32 | CVS | buy | $70.715 | short |
2019-11-06 15:01:27 | CVS | buy | $70.670 | 0 |
2019-11-06 15:10:28 | CVS | sell | $70.630 | short |
2019-11-06 15:10:32 | CVS | buy | $70.620 | short |
2019-11-06 15:10:39 | CVS | buy | $70.640 | 0 |
2019-11-06 15:14:31 | CVS | sell | $70.654 | short |
2019-11-06 15:14:44 | CVS | buy | $70.655 | 0 |
2019-11-06 15:20:03 | CVS | sell | $70.694 | short |
2019-11-06 15:20:18 | CVS | buy | $70.705 | 0 |
2019-11-06 15:22:39 | CVS | sell | $70.713 | short |
2019-11-06 15:22:51 | CVS | buy | $70.714 | 0 |
2019-11-06 15:23:09 | CVS | sell | $70.725 | short |
2019-11-06 15:23:34 | CVS | buy | $70.735 | 0 |
2019-11-06 15:25:27 | CVS | sell | $70.725 | short |
2019-11-06 15:25:37 | CVS | buy | $70.735 | 0 |
2019-11-06 15:25:54 | CVS | sell | $70.705 | short |
2019-11-06 15:26:06 | CVS | buy | $70.734 | 0 |
2019-11-06 15:26:30 | CVS | sell | $70.735 | short |
2019-11-06 15:26:52 | CVS | buy | $70.725 | 0 |
2019-11-06 15:28:32 | CVS | sell | $70.755 | short |
2019-11-06 15:28:59 | CVS | buy | $70.760 | 0 |
2019-11-06 15:29:59 | CVS | sell | $70.751 | short |
2019-11-06 15:30:39 | CVS | buy | $70.734 | short |
2019-11-06 15:30:53 | CVS | buy | $70.755 | 0 |
2019-11-06 15:33:25 | CVS | sell | $70.755 | short |
2019-11-06 15:33:50 | CVS | buy | $70.764 | 0 |
2019-11-06 15:34:06 | CVS | sell | $70.734 | short |
2019-11-06 15:34:25 | CVS | buy | $70.725 | short |
2019-11-06 15:34:28 | CVS | buy | $70.724 | 0 |
2019-11-06 15:35:16 | CVS | sell | $70.735 | short |
2019-11-06 15:36:03 | CVS | buy | $70.754 | 0 |
2019-11-06 15:38:24 | CVS | sell | $70.745 | short |
2019-11-06 15:39:13 | CVS | buy | $70.736 | 0 |
2019-11-06 15:39:40 | CVS | sell | $70.735 | short |
2019-11-06 15:39:50 | CVS | buy | $70.725 | 0 |
2019-11-06 15:49:17 | CVS | sell | $70.845 | short |
2019-11-06 15:49:26 | CVS | buy | $70.855 | 0 |
2019-11-06 15:54:09 | CVS | sell | $70.870 | short |
2019-11-06 15:54:14 | CVS | buy | $70.865 | 0 |
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