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.
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.