Viacom Hits New 52-Week High

Filed under: Walt Disney (DIS), Viacom (VIA), Technical Analysis

Viacom's B shares (VIA.B) hit a new 52-week high of $43 on Friday during the intraday session (it eventually closed at $42.28). This is a stock I watch fairly regularly, and it's looking like it wants to make a run to even higher heights.

The equity has done well since hitting a 52-week low of $27.89 nearly a year ago. The twelve-month chart shows the stock's escape from a sideways-trading pattern. You can't help but call the media company attractive from a technical viewpoint.

I also find the business to be interesting from a valuation perspective. Even with the appreciation in price, the shares are arguably not too expensive.

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Viacom Hits New 52-Week High originally appeared on BloggingStocks on Sat, 22 Jan 2011 11:40:00 EST. Please see our terms for use of feeds.

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