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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 [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |