Cognizant (CTSH) Offering Possible 8.7% Return Over the Next 22 Calendar Days

Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $69.00 short put and a strike $64.00 long put offers a potential 8.7% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $69.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $64.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Cognizant is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Cognizant is bullish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cognizant

Is It Time To Consider Buying Cognizant Technology Solutions Corporation (NASDAQ:CTSH)?
Sun, 23 May 2021 08:06:33 +0000
Let's talk about the popular Cognizant Technology Solutions Corporation ( NASDAQ:CTSH ). The company's shares saw…

Was The Smart Money Right About Cognizant Technology Solutions (CTSH)?
Mon, 10 May 2021 19:53:41 +0000
At Insider Monkey, we pore over the filings of nearly 887 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of December 31st. In this […]

Why Cognizant Technology Stock Fell Today
Thu, 06 May 2021 18:29:31 +0000
Shares of Cognizant Technology (NASDAQ: CTSH) fell today after the company reported its first-quarter results late yesterday. Cognizant Technology's first-quarter revenue increased 4.2% year over year, to $4.4 billion, and adjusted earnings were $0.97 per share, ahead of Wall Street's consensus estimate of $0.94 per share. “In the first quarter, we successfully executed our strategy of embracing digital, investing in international expansion, and repositioning the Cognizant brand,” CEO Brian Humphries said in a press release.

Cognizant's (CTSH) Q1 Earnings Beat, Revenues Increase Y/Y
Thu, 06 May 2021 16:04:04 +0000
Cognizant's (CTSH) first-quarter 2021 results reflect robust performance across segments including Healthcare as well as Communications, Media and Technology.

Cognizant to Present at Upcoming Investor Conferences
Thu, 06 May 2021 14:00:00 +0000
Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference:

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