Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $79.50 short call and a strike $84.50 long call offers a potential 11.11% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $79.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $84.50 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 at 43.22 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
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Cognizant (CTSH) to Buy Custom Software Developer Magenic
Thu, 21 Jan 2021 15:25:03 +0000
Cognizant's (CTSH) acquisition of Magenic Technologies is expected to boost its software product engineering footprint.
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Wed, 20 Jan 2021 16:40:04 +0000
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Cognizant to Acquire Magenic Technologies, Strengthening Digital Engineering Capabilities
Tue, 19 Jan 2021 14:00:00 +0000
Cognizant (Nasdaq: CTSH) has entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition will expand Cognizant's software product engineering footprint, adding 475 employees in the U.S. across seven locations and more than 350 employees in Manila, Philippines. Upon completion of the acquisition, Magenic associates will become part of Cognizant Softvision, connecting Magenic's expertise with Cognizant's global software development capabilities.
Cognizant Schedules Fourth Quarter 2020 Earnings Release and Conference Call
Wed, 13 Jan 2021 16:36:00 +0000
Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the fourth quarter of 2020 on Wednesday, February 3, 2021, after market close.
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