CBS Corporation(CBS) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) CBS Corporation(CBS) closed at 23.2, up 0.66 or 2.93 % for the day. Based on our analysis, CBS Corporation(CBS) has rising momentum with an uptrend.

The closing price of CBS Corporation(CBS) is above its 50 day moving average of 22.62 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that CBS Corporation(CBS) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 18-Apr-2008, about 9 trading days ago.