Cognizant Offering Possible 20.48% Return Over the Next 29 Calendar Days

Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 20.48% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $95.00 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 at 59.85 level which suggests that the stock is neither overbought nor oversold at this time.

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

Coverage initiated on Cognizant Tech by Tigress Financial
Thu, 17 Oct 2013 10:21:28 GMT

HCL Tech revenue growth lags peers, but profit soars
Thu, 17 Oct 2013 08:07:45 GMT
Reuters – By Harichandan Arakali BANGALORE (Reuters) – HCL Technologies(NSI:HCLTECH), India's No. 4 IT services exporter, reported quarterly revenue that grew at a slower pace than that of its rivals, sending its …

India's HCL posts revenue growth that lags peers but profit soars
Thu, 17 Oct 2013 07:10:01 GMT
Reuters – HCL Technologies, India's No. 4 IT services exporter, reported quarterly revenue that grew at a slower pace than that of its rivals, sending its shares lower though profit beat market expectations by rising …

India's HCL Technologies' Q1 profit rises 64 percent, tops estimate
Thu, 17 Oct 2013 03:13:39 GMT
Reuters – HCL Technologies, India's No. 4 IT services exporter, beat market expectations with a 64 percent rise in September quarter profit, joining larger Indian rivals in signalling accelerated spending by clients. …

Nasdaq 100 hits 13-year highs
Wed, 16 Oct 2013 17:10:00 GMT
CNBC – CNBC's Seema Mody reports shares of both Intel and Yahoo are higher after reporting earnings Tuesday night.

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