Cognizant (CTSH) Offering Possible 11.11% Return Over the Next 7 Calendar Days

Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 11.11% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 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 $72.50 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 69.38 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cognizant

Why These 3 Tech Stocks Rose by Double-Digit Percentages in July
Mon, 10 Aug 2020 19:16:00 +0000
Shares of digital solutions providers Wix.com (NASDAQ: WIX), EPAM Systems (NYSE: EPAM), and Cognizant Technology Solutions (NASDAQ: CTSH) each jumped more than 13% in July, according to data provided by S&P Global Market Intelligence. Website designer and consultant Wix.com's shares rose 13.4% during the month, while software engineer and tech consultant EPAM Systems' were up 15.1%. Wix's stock is up more than 130% year to date, while EPAM's has increased about 40%.

Cognizant Technology Solutions Corporation's (NASDAQ:CTSH) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Mon, 10 Aug 2020 14:45:16 +0000
Most readers would already be aware that Cognizant Technology Solutions' (NASDAQ:CTSH) stock increased significantly…

Analyst Firm Recognizes Cognizant as a Leader in Healthcare Provider Digital Services
Tue, 04 Aug 2020 10:00:00 +0000
Cognizant (Nasdaq: CTSH) has been named a Leader in the new Healthcare Provider Digital Services PEAK Matrix® Assessment 2020 by analyst firm Everest Group. Cognizant's strong industry presence, domain expertise and partnership strategy aimed at expanding its capabilities to the digital healthcare provider market were highlighted as key contributors to its leadership.

Cognizant (CTSH) Q2 Earnings Beat, Revenues Increase Y/Y
Thu, 30 Jul 2020 14:05:02 +0000
Cognizant's (CTSH) second-quarter 2020 results reflect improved top line driven by client demand in cloud and enterprise application services, IT modernization and digital engineering.

Cognizant Technology Solutions (CTSH) Q2 2020 Earnings Call Transcript
Thu, 30 Jul 2020 12:33:26 +0000
CTSH earnings call for the period ending June 30, 2020.

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