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, 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 upside
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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $14.25
Risk/Reward Ratio:
7:1
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