Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 5.26% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $57.50 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 42.4 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
Cognizant to acquire itaas for undisclosed amount
Tue, 22 Apr 2014 12:36:12 GMT
Cognizant Acquires itaas, a U.S.-Headquartered Digital Video Solutions Company
Tue, 22 Apr 2014 12:30:00 GMT
PR Newswire – TEANECK, N.J., April 22, 2014 /PRNewswire/ — Cognizant (CTSH) today announced that it has entered into a definitive agreement to acquire itaas, a digital video solutions company headquartered in Atlanta, Georgia. Founded in 1999, itaas helps leading cable, telecommunications, and technology companies to deliver a broad range of digital video services across traditional cable, broadcast, and telecommunications network environments and on consumer devices such as set-tops, tablets, and smartphones. With approximately 200 professionals in the U.S., Canada, and India, itaas enables television providers and broadcasters, particularly cable channels, to deliver authenticated live streaming and video services on digital platforms, thus adding value to existing television subscriptions and delighting subscribers with exclusive viewing experiences anytime, anywhere, and on any device. The acquisition will enable Cognizant to capitalize on the growing demand for greater interactivity, higher personalization, and innovative content delivery in the multi-screen and video market.
Health Care Spending’s Recent Surge Stirs Unease
Sat, 19 Apr 2014 01:39:36 GMT
New York Times – Policy experts wonder whether the government and private businesses can control spending as the economy gets stronger and millions more Americans gain coverage.
Infosys falls after quarterly revenue trails estimates
Tue, 15 Apr 2014 15:23:49 GMT
theflyonthewall.com – Infosys falls after quarterly revenue trails estimates
Cognizant Schedules First Quarter 2014 Earnings Release and Conference Call
Mon, 14 Apr 2014 12:40:00 GMT
PR Newswire – TEANECK, N.J., April 14, 2014 /PRNewswire/ — Cognizant Technology Solutions Corporation (CTSH), a leading provider of information technology, consulting, and business process outsourcing services, will announce results for the first quarter of 2014 on Wednesday, May 7, 2014, before market open. Following the release, Cognizant management will conduct a conference call at 8:00 a.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial (877) 810-9510 and international callers can dial (201) 493-6778 and provide the following conference passcode: Cognizant Call. The conference call will also be available live via the Internet by accessing the Cognizant website at http://investors.cognizant.com. Please go to the website at least 15 minutes prior to the call to register and to download and install any necessary audio software.
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