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

By Nick Russo

Cbs Corp-B (NYSE:CBS) shares have crossed bearishly below their 10-day moving average of $64.23 on a volume of 177K 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, shares of Cbs Corp-B have traded between a low of $48.88 and a high of $70.09 and are now at $64.08, which is 31% above that low price. 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 is tracking the current trend status for Cbs Corp-B and will alert subscribers who have CBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cbs corp-b

Ticker(s): CBS