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Bullish Moving Average Cross by Viacom Inc-B (VIAB)

By Nick Russo

Today, shares of Viacom Inc-B (NASDAQ:VIAB) have crossed bullishly above their 10-day moving average of $30.01 on a volume of 669K 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.

Viacom Inc-B share prices have moved between a 52-week high of $34.44 and a 52-week low of $23.31 and are now trading 30% above that low price at $30.36 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Viacom Inc-B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Viacom Inc-B in search of a potential trend change.

Keywords: moving crosses viacom inc-b

Ticker(s): VIAB