NEW YORK (TheStreet) -- CVS Health (CVS) has transformed its business model in recent years to give itself a more healthy image. Consumers can no longer buy tobacco products in its stores, and now, they can get health care services at the Minute Clinics in 860 of its locations. Investors have liked this strategy, and the stock has been on a momentum run-up since October 2011, including a 16.8% gain so far in 2015.
Analysts expect CVS Health to earn $1.20 a share when it reports quarterly results before the opening bell on Tuesday. The daily and weekly charts clear show that investors favor continued upward momentum. Some analysts indicate risk that earnings growth could be slowing. Investors should focus on company comments on its strategy to rebrand Target's pharmacies to CVS Minute Clinics.
Let's illustrate how investors can use must see daily and weekly and key trading levels to help make investment decisions for the stock both before and after earnings are recorded.
Here's the daily chart for CVS Health.
Courtesy of MetaStock Xenith
CVS Health had a close of $112.47 on Friday up 16.8% year to date with the stock above its 50-day and 200-day simple moving averages of $105.88 and $99.20, respectively, and in site of its all-time intraday high of $113.65 set on July 29.
The stock has been above its 200-day simple moving average since Oct. 4, 2013 when this average was $56.30.