Today, shares of CBS (NYSE:CBS) have crossed bullishly above their 10-day moving average of $43.41 on a volume of 4.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
There is potential upside of 11.6% for shares of CBS based on a current price of $43.51 and an average consensus analyst price target of $48.56. CBS shares have support at the 50-day moving average (MA) of $40.21 and additional support at the 200-day MA of $35.52.
CBS share prices have moved between a 52-week high of $45.87 and a 52-week low of $28.85 and are now trading 51% above that low price at $43.51 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.
CBS Corporation is a multimedia company that operates broadcasting, television production, and publishing businesses. The Company operates television and radio stations, produces and syndicates television programs, publishes books, provides online content as well as provides outdoor advertising.