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Viacom Inc (VIAB) “On a long-term technical basis, the stock (VIAB) is trading below its 200-day moving average which implies it is in a negative trend.
The stock has support at 24.18 and 22.91. If the stock breaks down through support at 24.18 then it will probably continue lower to 22.91. The stock has resistance at 24.54 and at 25.99. If the stock breaks up through resistance at 24.54 then it will probably continue higher to 25.99. The 200-day moving average is at 27.25. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (82.19), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”
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