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Viacom Inc-B Rises 1.96% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Viacom Inc-B (NASDAQ:VIAB) traded in a range yesterday that spanned from a low of $29.22 to a high of $29.76. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $29.49 on volume of 968,000 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 Viacom Inc-B and will alert subscribers who have VIAB in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Viacom Inc-B has traded in a range of $23.31 to $34.44 and is now at $29.67, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders viacom inc-b

Ticker(s): VIAB