CVS Corporation(CVS) is in an downtrend

(28-Jan-2008) (28-Jan-2008) CVS Corporation(CVS) closed at 35.49, down -0.07 or -0.2 % today. Based on our analysis, CVS Corporation(CVS) is in an downtrend.

The closing price of CVS Corporation(CVS) is below its 50 day moving average of 39.02 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that CVS Corporation(CVS) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 25-Jan-2008, about 3 trading days ago.