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 9 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 48.23 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
Epam Systems Earns Buy Rating On Growth Prospects
Thu, 11 Dec 2014 17:54:00 GMT
Investor's Business Daily – Epam Systems (EPAM) is well positioned to continue to capitalize on the growing global information technology service market. That's the view of Jefferies analyst Jason Kupferberg, who initiated coverage …
Will Cognizant Technologies Solutions (CTSH) Stock React Today to This Analyst Action?
Thu, 11 Dec 2014 14:31:00 GMT
TheStreet – Shares of Cognizant Technologies Solutions (CTSH) are up after Barclays reinstated coverage of the company with an ‘overweight' rating and a price target of $66.
Salesforce.com launches newest cloud platform, Wave
Mon, 08 Dec 2014 17:00:30 GMT
Market Realist – Wave enables companies to link data from different business departments to the Salesforce.com system and analyze that data visually via the Internet.
Cognizant to Present at the CLSA Americas Innovation Summit
Thu, 04 Dec 2014 13:00:00 GMT
PR Newswire – TEANECK, N.J., Dec. 4, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced that Malcolm …
Accenture to Buy Australian Digital Agency Reactive Media
Wed, 03 Dec 2014 17:40:02 GMT
Zacks – Accenture plc (ACN) yesterday announced that it has entered into an agreement to acquire Australian digital services provider, Reactive Media Pty Ltd.
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