Watch for Continued Gains in Shares of CBIZ (CBZ)

Published on Tue, 07/14/2015 - 14:25
By Robert Cotter in 52 Week high-lows, CBZ, 52 week high/lows, cbiz, nyse:cbz

Shares of CBIZ (NYSE:CBZ) traded today at $9.95, breaking its 52-week high. So far today approximately 67,000 shares have been exchanged, as compared to an average 30-day volume of 193,000 shares.

In the past 52 weeks, shares of CBIZ have traded between a low of $7.78 and a high of $9.95 and are now at $9.92, which is 28% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.43% higher over the past week, respectively.

CBIZ has overhead space with shares priced $9.92, or 13.7% below the average consensus analyst price target of $11.50. The stock should discover initial support at its 50-day moving average (MA) of $9.40 and subsequent support at its 200-day MA of $8.92.

CBIZ, Inc. provides professional business services to companies throughout the United States. The Company provides accounting and tax, employee benefits, wealth management, property and casualty insurance, payroll, and HR consulting services. CBIZ also provides internal audit, litigation advisory, healthcare consulting, medical practice management, and other services.

By Robert Cotter
rcotter@fnno.com

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