This article delves into the concept of ‘sell at former peaks’, a common Wall Street expression that highlights the psychological factors influencing stock price movement. Using CVS Health as an example, the article explains how investor remorse and the tendency to sell at previous high points can create resistance levels, leading to stalled rallies. The article also explores the concept of ‘seller’s remorse’ and how it can create support levels at former bottoms.
Results for: CVS Health
CVS Health Corporation (CVS) shares are experiencing a decline following the recent Trump-Harris debate, which has triggered uncertainty within the healthcare sector. The decline may be linked to the potential impact of the debate on healthcare policy and the mixed sentiment among traders regarding CVS’s future prospects.