Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 8.7% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 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 $92.50 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 at 64.41 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
iBillionaire To Launch New Guru ETF: How Does It Compare?
Fri, 21 Feb 2014 16:58:32 GMT
Cognizant Recognized in IDC MarketScape as a Leader in IT and BPO Services Across the Entire Life Sciences Value Chain: Research and Development, Manufacturing and Supply Chain, and Sales and Marketing
Thu, 20 Feb 2014 11:00:00 GMT
PR Newswire – TEANECK, N.J., Feb. 20, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH) today announced that it has been positioned as a “Leader” in the IDC Health Insights “IDC MarketScape” worldwide …
[$$] Outsourcers Are Back In
Thu, 13 Feb 2014 16:01:00 GMT
Cognizant Sees Obamacare Services Boost
Fri, 07 Feb 2014 18:55:31 GMT
TheStreet – Cognizant CFO sees a positive impact from the Affordable Care Act and strength in the financial sector.
Luxoft: Expect Strong 4Q On US Strength, Weak Ruble, Says JP Morgan
Thu, 06 Feb 2014 16:44:00 GMT
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