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Stock Investors Bid Up Shares of CBS, Up 2.1%

Published on Fri, 07/26/2013 - 11:52
By Robert Cotter

One of today's notable stocks on the rise is CBS (NYSE:CBS), up 2.1% to $53.61. The Dow is down 0.9% to 15,414 and the S&P is currently down 0.8% to 1,677.

CBS share prices have moved between a 52-week high of $53.84 and a 52-week low of $30.52 and are now trading 76% above that low price at $53.61 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.8%.

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.

Potential upside of 0.3% exists for CBS, based on a current level of $53.61 and analysts' average consensus price target of $53.79. The stock should discover initial support at its 50-day moving average (MA) of $49.94 and subsequent support at its 200-day MA of $42.92.

By Robert Cotter
rcotter@fnno.com

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