Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 12.36% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $62.50 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 47.19 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
Coverage initiated on Cognizant Tech by Monness Crespi & Hardt
Wed, 14 Jan 2015 13:26:00 GMT
Farallon Capital starts new position in Cognizant Tech Solutions
Tue, 13 Jan 2015 21:00:43 GMT
Cognizant sued by Syntel unit following TriZetto acquisition
Tue, 13 Jan 2015 19:05:33 GMT
Cognizant sued by Syntel unit following TriZetto acquisition
Tue, 13 Jan 2015 17:54:46 GMT
Reuters – Cognizant Technology Solutions Corp and the healthcare IT services provider it recently acquired have been sued by a unit of competitor Syntel Inc for allegedly interfering with a contract and misappropriating …
JP Morgan Rates Cognizant Technology Solutions
Tue, 13 Jan 2015 16:33:01 GMT
Benzinga – JP Morgan moved from Not Rated to an Overweight rating on Cognizant Technology Solutions Corp (NASDAQ: CTSH ) Tuesday and set a $63 price target. Analyst Tien-tsin Huang noted that “last quarter, CTSH …
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