Cbs $CBS Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Neutral |
| P1 | 43.01 | 37.37 | 41.65 |
| P2 | 43.91 | 42.53 | 47.55 |
| P3 | 44.56 | 47.67 | 53.29 |
Support and Resistance Plot Chart for CBS
Long Term Trading Plans for CBS
September 17, 2019, 3:45 am ET
The Technical Summary and Trading Plans for CBS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CBS Report.
CBS - (Long) Support Plan
The technical summary data tells us to buy CBS near 41.65 with an upside target of 47.55. This data also tells us to set a stop loss @ 41.39 to protect against excessive loss in case the stock begins to move against the trade. 41.65 is the first level of support below 44.05 , and by rule, any test of support is a buy signal. In this case, support 41.65 would be being tested, so a buy signal would exist.
CBS - (Short) Resistance Plan
The technical summary data is suggesting a short of CBS as it gets near 47.55 with a downside target of 41.65. We should have a stop loss in place at 47.81 though. 47.55 is the first level of resistance above 44.05, and by rule, any test of resistance is a short signal. In this case, if resistance 47.55 is being tested, so a short signal would exist.
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