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Cbs Corp-B (CBS) Crosses Pivot Point Support at $58.91

By Amy Schwartz

Shares of Cbs Corp-B (NYSE:CBS) have bearishly opened below the pivot of $59.21 today and have reached the first support level of $58.91. Should the shares continue to fall, the support pivots of $58.71 and $58.20 will be of interest.

Over the past year, Cbs Corp-Bhas traded in a range of $0.00 to $68.75 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.01% lower and 1.39% higher over the past week, respectively.

Cbs Corp-B (NYSE:CBS) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $67.60. The stock should run into initial resistance at its 50-day moving average (MA) of $53.66 and subsequent resistance at its 200-day MA of $55.05.

SmarTrend recommended that subscribers consider buying shares of Cbs Corp-B on June 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.29. Since that recommendation, shares of Cbs Corp-B have risen 8.9%. We continue to monitor CBS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts cbs corp-b

Ticker(s): CBS