Cognizant (CTSH) Offering Possible 7.53% Return Over the Next 36 Calendar Days

Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 7.53% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $67.50 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 73.06 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cognizant

Cognizant to Present at the Citi 2020 Global Technology Virtual Conference
Wed, 02 Sep 2020 15:00:00 +0000
Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference:

Cognizant (CTSH) Set to Buy Azure Specialist 10th Magnitude
Wed, 02 Sep 2020 13:59:01 +0000
Cognizant's (CTSH) acquisition spree continues with its intention to now take over Chicago-based 10th Magnitude, a cloud specialist focusing on Microsoft Azure.

Cognizant to Acquire 10th Magnitude
Tue, 01 Sep 2020 14:35:00 +0000
Cognizant (Nasdaq: CTSH) today announced it has entered into an agreement to acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The acquisition will expand the Microsoft Azure expertise within Cognizant's new Microsoft Business Group, adding development and managed services hubs in major cities throughout the U.S. 10th Magnitude will be Cognizant's sixth cloud-related acquisition in 2020, highlighting Cognizant's continued acceleration and execution of its cloud strategy.

Cognizant (CTSH) Has Risen 10% in Last One Year, Underperforms Market
Fri, 28 Aug 2020 18:42:41 +0000
If you are looking for the best ideas for your portfolio you may want to consider some of Wedgewood Partners top stock picks. Wedgewood Partners, an investment management firm, is bearish on Cognizant Technology Solutions Corp (NASDAQ:CTSH) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed […]

Why Is Cognizant (CTSH) Down 2.6% Since Last Earnings Report?
Fri, 28 Aug 2020 15:31:03 +0000
Cognizant (CTSH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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