Cognizant (CTSH) Offering Possible 8.7% Return Over the Next 17 Calendar Days

Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 8.7% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $41.00 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 42.34 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

Cognizant ups salaries by 25% for some India employees amid lockdown
Fri, 27 Mar 2020 13:25:09 +0000
Cognizant Technology Solutions Corp will pay an extra 25% of base pay to some employees in India and the Philippines as a majority of its offshore workforce work from home amid the coronavirus pandemic, taking on extra work, Chief Executive Officer Brian Humphries said. Prime Minister Narendra Modi has asked the country's 1.3 billion people to stay indoors for three weeks in the biggest lockdown anywhere, shutting down Asia's third largest economy and leaving millions of economically vulnerable people without work. The Philippines Congress earlier this week granted President Rodrigo Duterte extra emergency powers in a bid to avert chaos from a rapid spread of coronavirus.

Cognizant Technology Solutions Corp (CTSH): Are Hedge Funds Right About This Stock?
Thu, 26 Mar 2020 05:19:17 +0000
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Cognizant (CTSH) Set to Acquire Digital Marketing Agency Lev
Tue, 24 Mar 2020 15:21:03 +0000
Cognizant's (CTSH) acquisition spree continues with its intention to now take over Indianapolis-based Lev, a privately-held digital marketing consulting firm.

Cognizant to Acquire Lev to Expand Digital Marketing Expertise
Mon, 23 Mar 2020 15:05:00 +0000
Cognizant (Nasdaq: CTSH) today announced it has entered into an agreement to acquire Lev, a privately-held, digital marketing consultancy in the U.S. Lev helps businesses simplify and modernize their marketing campaigns using Salesforce Marketing Cloud to provide data-driven insight and personalization across the customer journey, and ultimately drive revenue.

Can Value Investors Consider Cognizant Technology (CTSH)?
Mon, 23 Mar 2020 13:45:01 +0000
Cognizant Technology (CTSH) is a good value-oriented pick for investors from all angles.

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