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Bullish Moving Average Cross by CBS (CBS)

By David Diaz

Today, shares of CBS (NYSE:CBS) have crossed bullishly above their 10-day moving average of $61.21 on a volume of 1.7 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $63.04, 64% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of CBS on May 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $64.07. Since that call, shares of CBS have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): CBS