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SmarTrend Watching for Potential Rebound in Shares of Cbs Corp-B After 1.43% Loss

By Nick Russo

Cbs Corp-B (NYSE:CBS) traded in a range yesterday that spanned from a low of $38.88 to a high of $39.42. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $39.72 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Cbs Corp-B share prices have been bracketed by a low of $35.02 and a high of $54.84 and are now at $39.40, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

Keywords: rebounders cbs corp-b

Ticker(s): CBS