Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $53.50 short call and a strike $58.50 long call offers a potential 7.53% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $58.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Cognizant is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Cognizant is bearish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Cognizant
COGNIZANT TECHNOLOGY SOLUTIONS CORP Financials
Fri, 14 Nov 2014 18:04:28 GMT
Insider Trading Alert – CTSH, PSEC And COV Traded By Insiders
Thu, 13 Nov 2014 15:15:00 GMT
Cognizant Acquires Odecee, a Digital Solutions Company in Australia
Wed, 12 Nov 2014 05:29:36 GMT
noodls – Strategic Acquisition to Expand Cognizant's Digital Transformation Portfolio and Capabilities to Help Clients Create Digital Enterprises MELBOURNE, Australia , Nov. 12, 2014 /PRNewswire/ — Cognizant (NASDAQ: …
Cognizant Acquires Odecee, a Digital Solutions Company in Australia
Wed, 12 Nov 2014 05:05:00 GMT
PR Newswire – MELBOURNE, Australia, Nov. 12, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH) today announced the acquisition of Odecee, a leading provider of digital solutions to enterprises in the Australia and New …
Cognizant to Present at the UBS Global Technology Conference
Tue, 11 Nov 2014 19:16:00 GMT
PR Newswire – TEANECK, N.J., Nov. 11, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced that Karen McLoughlin, …
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