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Bearish Moving Average Cross by CBS (CBS)

By David Diaz

Today, shares of CBS (NYSE:CBS) have crossed bearishly below their 10-day moving average of $61.46 on a volume of 440K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, CBS has traded in a range of $38.51 to $70.10 and is now at $61.15, 59% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for CBS and will alert subscribers who have CBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): CBS