What are your comments about VIAB’s bad earnings and tanking only to come back almost 13% !!!
Viacom just reported earnings last week and they said that they expect distributor revenue to drop in 2018. Domestic ad revenue was flat and less money came in from affiliates amid declines in cable subscribers.
VIAB does not present a good setup at the moment as price has been too volatile to establish a good entry and exit point. It is probably a good idea to wait for a consolidation first or basing pattern to take a long entry.