Cognizant (CTSH) Offering Possible 19.05% Return Over the Next 13 Calendar Days

Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $77.00 short call and a strike $82.00 long call offers a potential 19.05% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $82.00 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 48.6 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cognizant

[$$] Tower Arch Capital to Sell Softvision to Cognizant Technology Solutions
Thu, 04 Oct 2018 17:50:57 +0000
Tower Arch in 2016 acquired Softvision through its portfolio company, Software Paradigms International Group.

Cognizant to Acquire Digital Engineering Leader Softvision
Thu, 04 Oct 2018 12:00:00 +0000
TEANECK, N.J., Oct. 4, 2018 /PRNewswire/ — Cognizant (CTSH) today announced it has entered into a definitive agreement to acquire  Softvision, LLC, a privately-held digital engineering and consulting company focused on agile development of innovative software solutions and platforms.  The transaction is expected to close in the fourth quarter of 2018 subject to the satisfaction of the closing conditions, including regulatory review.  Terms are not being disclosed. Softvision is a leader in developing custom digital products using unique collaborative engineering methods.  The combination of capabilities from Softvision and Cognizant creates one of the top digital engineering companies in the world and a leader in software product development, helping clients innovate at speed and execute at scale.

New Research Coverage Highlights Camden Property Trust, Agios Pharmaceuticals, Crane, BorgWarner, Cognizant Technology Solutions, and Liberty Broadband — Consolidated Revenues, Company Growth, and Expectations for 2018
Thu, 04 Oct 2018 11:50:00 +0000
NEW YORK, Oct. 04, 2018 — In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

With Flannery Out, Is General Electric Stock a Winner?
Mon, 01 Oct 2018 14:37:40 +0000
General Electric (NYSE:GE) has jettisoned CEO John Flannery and GE stock holders are rejoicing. The press release announcing the change barely mentioned Flannery, and the shares reacted with a 15% gain in the pre-market, opening for trade Oct. 1 at $13. The new CEO is former lead director Larry Culp, who had settled into a sinecure lecturing at Harvard Business School on corporate strategy. Culp was replaced as GE’s lead director by former American Airlines (NYSE:AAL) CEO Thomas Horton.

Cognizant in talks to acquire Softvision -sources
Thu, 27 Sep 2018 18:41:46 +0000
Information technology provider Cognizant Technology Solutions Corp is in talks to buy application developer Softvision for about $550 million to boost Cognizant's digital business, people familiar with the matter said on Thursday. The negotiations come as Cognizant seeks to expand its offerings in digital and cloud services to take on outsourcing services rivals Accenture and IBM more effectively. The sources cautioned that the talks may not result in a deal and asked not to be identified because the matter is confidential.

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