CVS Health Corp (NYSE:CVS) popped up more than 1% higher on Tuesday, which put the stock into blue skies. The stock has run over 11% higher since reaching a low of $99.69 on Jan. 24.
The low was caused by overall market weakness amid the SPDR S&P 500 ETF Trust (NYSE:SPY) pulling back to the $420.76 level on that same date and the run-up into blue skies may be in anticipation of a bullish reaction to the pharmaceutical company’s fourth-quarter earnings, which are expected to print Wednesday morning before the market opens.
