CBS Corp's most recent trend suggests a bearish bias. One trading opportunity on CBS Corp is a Bear Call Spread using a strike $53.50 short call and a strike $58.50 long call offers a potential 9.89% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $58.50 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 23.76 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CBS Corp
Showtime to revive ABC cult classic ‘Twin Peaks'
Mon, 06 Oct 2014 19:59:58 GMT
’Twin Peaks’ Will Return for Limited Run on Showtime
Mon, 06 Oct 2014 19:48:45 GMT
Netflix Inks 4-Film Deal with Sandler to Add Subscribers
Mon, 06 Oct 2014 18:10:08 GMT
‘Twin Peaks' to return for limited series on Showtime in 2016
Mon, 06 Oct 2014 18:02:10 GMT
3 Stocks Pulling The Media Industry Downward
Mon, 06 Oct 2014 17:03:00 GMT
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