Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $54.50 short call and a strike $59.50 long call offers a potential 6.38% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $54.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $59.50 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 51.05 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
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.
INFY, WDAY And CTSH, Pushing Computer Software & Services Industry Downward
Tue, 25 Nov 2014 17:22:00 GMT
Some Big Cap 20 Names Loiter Near Buy Points
Mon, 24 Nov 2014 23:36:00 GMT
Cognizant Completes Acquisition of TriZetto, Creating a Fully-Integrated Healthcare Technology and Operations Leader
Fri, 21 Nov 2014 02:15:09 GMT
noodls – TEANECK, N.J. , Nov. 20, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH), a global leader in information technology, consulting and business process services, today announced it has completed the acquisition …
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