CBS (CBS) Trades Lower After Hitting New 52 Week High
Posted: Wednesday, March 17, 2010 2:34 PM EDT
By: Market Intelligence Center Staff
CBS (NYSE: CBS) hit a new 52-Week high of $14.95 so far today. Currently the stock is down $0.22 (-1.49%) to $14.56 on 5,210,634 shares traded. Today's high is up $10.91 from a 52-Week Low of $3.65. CBS stock has been showing support around $14.15 and resistance in the $15.09 range. Technical indicators for the stock are bullish and S&P gives CBS a positive 4 STARS (out of 5) buy ranking. CBS trading down over 1% this afternoon as profit takers have been selling the stock after it hit a new 52 week high earlier in the day. If you are looking for a hedged play on CBS the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 13 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE CBS (CBS) Stock ReportSee what our analysts have uncovered about CBS (CBS).
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