Cognizant (CTSH) Offering Possible 8.7% Return Over the Next 27 Calendar Days

Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 8.7% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 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 $72.50 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 58.11 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cognizant

Cognizant Completes Acquisition Of Bolder Healthcare Solutions
Thu, 19 Apr 2018 10:00:00 +0000
Cognizant Adds Specialized Revenue Cycle Management Services that Enable Hospitals, Physician Practices and Specialty Providers to Improve Efficiency, Profitability and Patient Experiences TEANECK, N.J. …

Leading Indian Life Insurers Partner with Cognizant to Develop Industry-Wide Blockchain Solution for Secure Data-Sharing and Improved Customer Experience
Mon, 16 Apr 2018 04:01:00 +0000
MUMBAI, India, April 16, 2018 /PRNewswire/ — Cognizant (CTSH) and a consortium of leading Indian life insurers — comprising SBI Life Insurance, Max Life Insurance, Canara HSBC OBC Life Insurance, Edelweiss Tokio Life, IDBI Federal Life Insurance, Birla Sun Life Insurance, HDFC Life, Kotak Life, Tata AIA Life, PNB MetLife, IndiaFirst Life Insurance, ICICI Prudential Life Insurance, Bharti AXA, Aegon Life, and SUD (Star Union Dai-ichi) Life Insurance — today announced that they have developed a blockchain solution to facilitate cross-company data-sharing. This will enable the insurers to reduce the risk of data breaches, fraud and money-laundering, while delivering superior experience to customers through improved process efficiency, better record-keeping, and accelerated turnaround time.

See what the IHS Markit Score report has to say about Cognizant Technology Solutions Corp.
Tue, 10 Apr 2018 12:02:21 +0000
This could indicate that investors who seek to profit from falling equity prices are not currently targeting CTSH. Over the last one-month, outflows of investor capital in ETFs holding CTSH totaled $14.09 billion.

Indian court orders tax dept to lift freeze on Cognizant's funds
Tue, 03 Apr 2018 20:00:44 +0000
The tax department had frozen the company's bank accounts last month for allegedly evading a dividend distribution tax of more than 25 billion rupees ($385 million) following a share buyback, according to reports in the Indian media. The court asked the company to deposit 15 percent of the disputed tax, amounting to 4.9 billion rupees ($75 million) as security deposit till it decides on the case. The company said the court further granted its request to address the tax department's collection actions and scheduled a hearing later in April 2018.

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Tue, 03 Apr 2018 14:30:46 +0000
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