Are All-Time Highs Supported in CBS?

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With shares of CBS (NYSE:CBS) trading around $43, is CBS an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

CBS is a mass media giant that operates entertainment, cable networks, publishing, and local broadcasting worldwide. With media extending its reach to more and more people everyday, CBS is a company that will continue to expand. Already a market leader, look for this company to capitalize on the media expansion we are seeing worldwide.

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T = Technicals on the Stock Chart are Strong

CBS’s long term price chart shows the stock trading above pre-financial crisis levels. In fact, the stock is trading at all-time high prices. CBS has seen a consistent rise, from 2008 lows, in a beautiful uptrend consisting of higher highs and higher lows. WIth no resistance in sight, look for this stock to continue its upward path.

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