CBS Corp's most recent trend suggests a bearish bias. One trading opportunity on CBS Corp is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 5.04% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $67.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for CBS Corp is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for CBS Corp is bearish.
The RSI indicator is at 33.96 level which suggests that the stock is neither overbought nor oversold at this time.
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Thu, 11 Jun 2015 17:03:52 GMT
Financial Times – At least there will be no Sumner Redstone redux at 21st Century Fox. The 90-something chairman of CBS and Viacom has not been seen in public recently, leading to questions about his health and the future …
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Thu, 11 Jun 2015 14:56:17 GMT
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