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CBIZ Shares Sinking Lower, Down 1.7%

Published on Wed, 03/27/2013 - 12:20
By Mallory Stone

One of today's notable stocks in decline is CBIZ (NYSE:CBZ), down 1.7% to $6.44. The Dow is down 0.3% to 14,513 and the S&P is currently down 0.3% to 1,559.

CBIZ share prices have moved between a 52-week high of $6.63 and a 52-week low of $5.07 and are now trading 27% above that low price at $6.44 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

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.

Potential upside of 24.2% exists for CBIZ, based on a current level of $6.44 and analysts' average consensus price target of $8.00. The stock should find initial support at its 50-day moving average (MA) of $6.21 and further support at its 200-day MA of $5.86.

By Mallory Stone
mstone@fnno.com

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