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CBS Corp (CBS) Smoked, Here Is The Buy Level

Published 07/31/2018, 12:30 AM
Updated 07/09/2023, 06:31 AM

Shares of CBS Corporation (NYSE:CBS) are falling sharply again today after the head of the company continued to have allegations of sexual misconduct levied against him. As the stock falls, it begins to look attractive based on valuation metrics. In addition, the technical chart has a strong support level at $47.75. With the stock currently trading at $51.20, it is not a far reach to assume it could hit the technical gap fill buy level within days. This is where the top pros are looking to accumulate in the coming days.

CBS Daily Chart

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