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CBS Bullish Moving Average Crossover Alert (CBS)

By Amy Schwartz

CBS (NYSE:CBS) shares have crossed bullishly above their 10-day moving average of $52.18 on a volume of 446K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

CBS share prices have moved between a 52-week high of $63.95 and a 52-week low of $38.51 and are now trading 36% above that low price at $52.29 per share. 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 July 21st, 2016 by issuing a Downtrend alert when the shares were trading at $54.39. Since that call, shares of CBS have fallen 4.7%. 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