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Hot Stock: Cincinnati Bell, Shares Drop 6.0% (CBB)
[May 09, 2013]

Hot Stock: Cincinnati Bell, Shares Drop 6.0% (CBB)

May 09, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Cincinnati Bell (NYSE:CBB) is one of today's worst performing low-priced stocks, down 6.0% to $3.24 on 1.4x average daily volume. Thus far today, Cincinnati Bell has traded 2.8 million shares, vs. average volume of 2.0 million shares per day. The stock has underperformed the Dow (-6.0% to the Dow's -0.1%) and underperformed the S&P 500 (-6.0% to the S&P's -0.3%) during today's trading.

Cincinnati Bell Inc. is a local exchange and wireless provider serving residential and business customers. The Company provides a range of telecommunications products and services to customers in Ohio, Kentucky, and Indiana.

There is potential upside of 13.3% for shares of Cincinnati Bell based on a current price of $3.23 and an average consensus analyst price target of $3.67. The stock should find initial resistance at its 50-day moving average (MA) of $3.34 and further resistance at its 200-day MA of $4.57.

Over the past year, Cincinnati Bell has traded in a range of $2.84 to $5.89 and is now at $3.23, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cincinnati Bell on February 12th, 2013 by issuing a Downtrend alert when the shares were trading at $4.50. Since that call, shares of Cincinnati Bell have fallen 23.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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