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Cbs Corp-B Bearish Moving Average Crossover Alert (CBS)

By Shiri Gupta

Today, shares of Cbs Corp-B (NYSE:CBS) have crossed bearishly below their 10-day moving average of $48.20 on a volume of 206K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cbs Corp-B share prices have been bracketed by a low of $41.38 and a high of $59.59 and are now at $47.61, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cbs Corp-B on May 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $49.87. Since that call, shares of Cbs Corp-B have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cbs corp-b

Ticker(s): CBS