CBS CORPORATION (CBS)NYSE
  Report No. 2440    Analysis by: Harry Aloof     AUGUST 6, 2012

CBS CORPORATION (CBS-NYSE): Technical Viewpoint: From a low of $30.73 on Jun 25, 2012 prices rallied, reaching a high of $33.11 on Jul 2, 2012. A decline saw prices pull back, reaching a low of $29.85 on Jul 12, 2012. Another rally saw prices penetrate resistance line "A", closing 8/3/12 at $35.06. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 27, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $32.66. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 26, 2012. A P&F downside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! CBS CORPORATION (CBS-NYSE) @ $35.25 Stop: Use a protective stop of $33.25. CBS CORPORATION is currently trading @ $35.06 plus $2.02 on Aug 3, 2012. Price Objective: $49.50. Risk/Reward: $2.00 VS. $14.25. Today's Risk Reward Ratio: 7:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $14.25
Risk/Reward Ratio:
7:1

 

 

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