Cohen and Steers Inc is an investment management firm specializing in real estate securities. They offer a range of investment products and services, including mutual funds, closed-end funds, and separate accounts, to institutional and individual investors.
The stock of Cohen and Steers Inc (CNS) is currently in a basing phase and moving sideways after testing a resistance level. Basing refers to a period of consolidation where the stock price trades within a relatively narrow range. This phase often occurs after a significant price move, and it indicates a period of indecision among market participants.
The fact that the stock has tested a resistance level and is now moving sideways suggests that there is selling pressure at that level, preventing the stock from moving higher. Traders and investors will closely monitor the stock's behavior during this basing phase to determine if it can break above the resistance level or if it will continue to consolidate.
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