Infosys's most recent trend suggests a bearish bias. One trading opportunity on Infosys is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 5.26% 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 $65.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $70.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Infosys 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 Infosys is bearish.
The RSI indicator is at 56.23 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Infosys
Wipro Drops 5%: Weak ‘Pockets,' Janney Says
Wed, 22 Oct 2014 20:59:00 GMT
Barrons.com – Wipro's latest quarter was not all bad, but some weak spots led to profit-taking Wednesday. U.S.-traded shares Wipro (WIT) fell 4.5% Wednesday to $11.71. Janney thinks the stock's fair value is near $11. …
The Problem With Blind Faith in Technology and Job Creation
Wed, 22 Oct 2014 19:33:10 GMT
The Wall Street Journal – Guest Contributor Thomas H. Davenport finds the “extremely high level of faith” in technology-fueled job creation interesting, but lacking in critical analysis. “Even if jobs will eventually …
Wipro Stock Sinks Despite India Market Rise
Wed, 22 Oct 2014 14:16:00 GMT
Infosys Pulls Back After Breaking Out Of Saucer Base
Mon, 20 Oct 2014 22:01:00 GMT
Statement: Clarification on news reports
Wed, 15 Oct 2014 16:22:29 GMT
noodls – Clarification on news reports October 15, 2014: This is with regard to recent news reports about our association with a few start-ups. We would like to clarify that Ooyala is a client and not a start-up. …
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