Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 6.38% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 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 $55.00 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 53.51 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
Top tech plays for the 2nd half: Milunovich
Wed, 02 Jul 2014 22:34:11 GMT
Top tech plays for second half
Wed, 02 Jul 2014 21:12:00 GMT
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Mon, 30 Jun 2014 17:04:00 GMT
TheStreet – TheStreet highlights 3 stocks pushing the computer software & services industry lower today.
Cognizant Technology: 5 Different Insiders Have Sold Shares This Month
Mon, 30 Jun 2014 07:56:22 GMT
Accenture trims profit forecast as margins come under pressure
Thu, 26 Jun 2014 17:13:05 GMT
Reuters – By Lehar Maan and Abhirup Roy (Reuters) – Accenture Plc, a consulting and outsourcing services provider, cut the top end of its full-year earnings forecast as margins come under pressure, taking the shine …
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