CBS Inc (CBS) “On a long-term technical basis, the stock (CBS) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 40.65 and 38.26. If the stock breaks down through support at 40.65 then it will probably continue lower to 38.26. The stock has resistance at 41.36 and at 43.93. If the stock breaks up through resistance at 41.36 then it will probably continue higher to 43.93. The 200-day moving average is at 45.91. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (82.66), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”