We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
Value stocks continue to improve as technology and other offensive sectors sell off.
Here’s today’s standout:
CVS Health Corp $CVS is currently exhibiting a Squeeze Score of 97.6 and a Long-Term Score of 96.6.
Here’s what the chart looks like:
CVS has been on our short list for weeks, but it has yet to trigger.
Volatility on the Strazza Indicator is compressed on both the weekly and daily timeframes, indicating that momentum has reset right at the level where CVS would complete a bearish-to-bullish reversal near 85.
This is typically what precedes major breakouts: a pause, digestion around a key level, tightening volatility, and then the rip.
