CVS Health Corp (NYSE: CVS)

CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The Pharmacy Services segment offers pharmacy benefit management services, such as plan design and administration, formulary management, Medicare Part D services, mail order and specialty pharmacy services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services. The Retail Pharmacy segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, seasonal merchandise, and greeting cards, as well as provides photo-finishing services.
Take a look at the 1-year chart of CVS (NYSE: CVS) below with my added notations:

CVS has created a common chart pattern known as a symmetrical triangle. Combining a down trending resistance (red) with an up trending support (green) forms the triangle pattern. As the support and resistance converge on each other the pattern is created. Since there is no true way to know which way the stock will break, most traders will wait for the breakout or breakdown before entering a trade.

The Tale of the Tape: CVS has formed a simple symmetrical triangle. A trader could enter a long position on a break above the down trending resistance (near $98) with a stop set under the entry level. However, if CVS were to break below the trend line support (currently near $95), a short trade could be entered with a stop above the trend line.