CBS CORP
(CBS-NYSE):
Technical Viewpoint: From a low
of $40.56 on Jun 15, 1999 prices
rallied, reaching a
high of $46.69
on Jul 19, 1999. A
decline saw prices pull back, reaching a
low of
$43 5/8 on Jul 29, 1999.
Another rally saw prices penetrate
resistance, closing 8/6/99
at $47.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 29, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 6, 1999. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! CBS CORP
(CBS-NYSE) @ $47 1/2 Stop: Use a protective stop of $44 7/8.
CBS CORP is currently trading @ $47.06 plus $1 3/4 on Aug 6, 1999. Price Objective:
$61.00. Risk/Reward: $2 5/8 VS. $13 1/2. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2 5/8 VS. $13 1/2
Risk/Reward Ratio:
5:1
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