• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Cbs Corp-B After 2.19% Gain

By David Diaz

Cbs Corp-B (NYSE:CBS) traded in a range yesterday that spanned from a low of $55.35 to a high of $56.52. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $56.25 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Cbs Corp-B share prices have moved between a 52-week high of $61.59 and a 52-week low of $47.54 and are now trading 18% above that low price at $56.21 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders cbs corp-b

Ticker(s): CBS