- Contrarians Should Keep An Eye on CBS
Contrarians Should Keep An Eye on CBS
18 August 2012 03:14
Shares of CBS Corp. (NYSE:CBS) have been on fire lately, more than doubling since skimming the $18 level less than a year ago. In fact, the security touched a fresh nine-year acme of $36.25 earlier today. Ushering the equity into the black have been its 10-week and 32-week moving averages, which have contained all but one of the stocks weekly closes since early October. However, despite CBS impressive performance on the charts, the bullish camp is far from crowded -- pointing to potential sideline cash to drive additional gains.
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