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Cbs Corp-B (CBS) Breaks Through Support at $53.28

By James Quinn

Cbs Corp-B (NYSE:CBS) has opened bearishly below the pivot of $53.96 today and has reached the first level of support at $53.28. Analysts will be watching for a cross of the next downside pivot targets of $52.74 and $51.52.

In the past 52 weeks, Cbs Corp-B share prices have been bracketed by a current low of $0.00 and a high of $70.09 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

There is potential upside of 0.0% for shares of Cbs Corp-B based on a current price of $0.00 and an average consensus analyst price target of $67.60. The stock should find initial resistance at its 200-day moving average (MA) of $48.43 and further resistance at its 50-day MA of $53.82.

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

Keywords: pivot alerts cbs corp-b

Ticker(s): CBS