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Cbs Corp-B (CBS) Crosses Pivot Point Support at $43.32

By David Diaz

Shares of Cbs Corp-B (NYSE:CBS) opened today below their pivot of $43.90 and have already reached the first level of support at $43.32. Investors may be interested in a cross of the next downside pivot targets of $42.84 and $41.78.

Over the past year, Cbs Corp-Bhas traded in a range of $0.00 to $59.56 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.6% lower and 1.2% lower over the past week, respectively.

Cbs Corp-B has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $67.60. Cbs Corp-B shares should first meet resistance at the 50-day moving average (MA) of $48.26 and find additional resistance at the 200-day MA of $48.92.

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