Cognizant (CTSH) Offering Possible 9.89% Return Over the Next 30 Calendar Days

Cognizant's most recent trend suggests a bearish bias. One trading opportunity on Cognizant is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 9.89% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $82.50 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 24.79 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cognizant

Premier Growth at a Nice Price
Sun, 19 Aug 2018 14:00:00 +0000
Down markets, like we've experienced over the past week or so, create opportunities. Top quality merchandise goes on sale simply because traders are feeling anxious. Cognizant Technology Solutions is a perfect example of this type of play.

Is Cognizant Technology Solutions Corporation a Buy?
Sat, 18 Aug 2018 12:05:00 +0000
The professional services leader has the competitive moat and the growth to power your retirement account.

Cognizant Positioned as Enterprise Quality Assurance Leader and Star Performer by Everest Group
Thu, 16 Aug 2018 10:00:00 +0000
TEANECK, N.J., Aug. 16, 2018 /PRNewswire/ — Cognizant (CTSH) has been named a Leader and Star Performer in a new Everest Group 2018 PEAK Matrix™ report for Enterprise QA Services. In the report Quality Assurance to Brand Assurance: AI Driving the Evolution, Everest Group assesses 23 IT service providers based on their vision and strategy, scale of operations, delivery locations, areas of investment and recent transaction history. “The QA landscape has evolved significantly over the past decade, with a clear shift from independent testing of applications to a more holistic approach,” said Chirajeet Sengupta, Partner, Everest Group.

Robbins Arroyo LLP: Cognizant Technology Solutions Corporation (CTSH) Securities Class Action Survives Motion to Dismiss
Tue, 14 Aug 2018 17:09:00 +0000
Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Cognizant Technology Solutions Corporation breached their fiduciary duties to shareholders.

Edited Transcript of CTSH earnings conference call or presentation 2-Aug-18 12:00pm GMT
Tue, 14 Aug 2018 13:35:05 +0000
Q2 2018 Cognizant Technology Solutions Corp Earnings Call

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