Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $42.50 short put and a strike $37.50 long put offers a potential 5.26% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.50 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 dropped below the $37.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Cognizant is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Cognizant is bullish.
The RSI indicator is at 20.89 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Cognizant
#PreMarket Primer: Friday, August 8: U.S. To Begin Airstrikes In Iraq
Fri, 08 Aug 2014 11:00:11 GMT
Infosys, HDFC Bank Basing As India Wrestles Inflation
Thu, 07 Aug 2014 22:02:00 GMT
COGNIZANT TECHNOLOGY SOLUTIONS CORP Files SEC form 10-Q, Quarterly Report
Thu, 07 Aug 2014 20:50:34 GMT
Cognizant Technology Solutions (CTSH) Marked As A Dead Cat Bounce Stock
Thu, 07 Aug 2014 13:47:00 GMT
TheStreet – Trade-Ideas LLC identified Cognizant Technology Solutions (CTSH) as a “dead cat bounce” (down big yesterday but up big today) candidate
Montclair State University Selects Cognizant to Transform Financial Management and Decision-Making to Support Growth
Thu, 07 Aug 2014 10:43:46 GMT
noodls – TEANECK, N.J. , Aug. 7, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH) today announced that it has been selected by Montclair State University to revitalize its finance organization and deliver superior …
Related Posts
Also on Market Tamer…
Follow Us on Facebook