Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 6.38% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 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 dropped below the $92.50 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 66.37 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cognizant
IT Stocks: Could Outsourcing Really Be Over By 2022?
Tue, 25 Feb 2014 22:45:00 GMT
COGNIZANT TECHNOLOGY SOLUTIONS CORP Files SEC form 10-K, Annual Report
Tue, 25 Feb 2014 22:17:23 GMT
Fallon Health Partners With Cognizant to Become the First Massachusetts Health Insurer to Provide Quotes for Merged Market Plans Under Affordable Care Act
Tue, 25 Feb 2014 11:00:00 GMT
PR Newswire – TEANECK, N.J., Feb. 25, 2014 /PRNewswire/ — Cognizant (CTSH) today announced that it has enabled Fallon Health, a Massachusetts-based not-for-profit health care services organization, to become the first Massachusetts health insurer to provide quotes for merged market plans mandated by the Affordable Care Act (ACA). As Fallon's strategic partner, Cognizant developed and deployed a new online quoting tool called QuoteNow that facilitates best-practice quoting, rating and underwriting, and streamlines application submission and enrollment. Built using Pegasystems technology, QuoteNow helps Fallon deliver an optimal experience to consumers as well as insurance brokers, while complying with ACA requirements around member-level rating and conducting Health Insurance Exchange activity more effectively. QuoteNow makes it easier for Fallon to implement new automated processes and manage changes based on regulatory demands.
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Fri, 21 Feb 2014 16:58:32 GMT
Cognizant Recognized in IDC MarketScape as a Leader in IT and BPO Services Across the Entire Life Sciences Value Chain: Research and Development, Manufacturing and Supply Chain, and Sales and Marketing
Thu, 20 Feb 2014 11:00:00 GMT
PR Newswire – TEANECK, N.J., Feb. 20, 2014 /PRNewswire/ — Cognizant (NASDAQ: CTSH) today announced that it has been positioned as a “Leader” in the IDC Health Insights “IDC MarketScape” worldwide …
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