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CBS CORP
(CBS-NYSE):
Technical Viewpoint: From a low
of $43.19 on Oct 15, 1999 prices
rallied, reaching a
high of $55 1/8
on Nov 19, 1999. A
decline saw prices pull back, reaching a
low of
$51.19 on Nov 29, 1999.
Another rally saw prices penetrate
resistance, closing 12/17/99
at $59.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 1, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 17, 1999. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! CBS CORP
(CBS-NYSE) @ $60 1/8 Stop: Use a protective stop of $57 1/2.
CBS CORP is currently trading @ $59.81 plus $3.31 on Dec 17, 1999. Price Objective:
$70.00. Risk/Reward: $2 5/8 VS. $9 7/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70.00
Risk/Reward:
$2 5/8 VS. $9 7/8
Risk/Reward Ratio:
4:1
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