Cognizant (CTSH) Offering Possible 9.89% Return Over the Next 28 Calendar Days

Cognizant's most recent trend suggests a bullish bias. One trading opportunity on Cognizant is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 9.89% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 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 dropped below the $57.50 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 above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cognizant

Dexia and Cognizant in Exclusive Talks for Future Collaboration on Information Technology and Business Process Services
Wed, 17 May 2017 06:41:00 +0000
European banking group Dexia (EBR:DEXBT) and U.S. professional services firm Cognizant (CTSH) today announced that they have signed a Letter of Intent relating to exclusive discussions regarding a long-term agreement for Cognizant to become Dexia's strategic provider of information technology and business process services for capital markets and credit operations in France and Belgium. Under the proposed agreement, Cognizant will enable Dexia to digitally transform its operations at enterprise scale by simplifying, modernising, optimising and further securing Dexia's technology infrastructure, including implementing a managed services platform for credit operations. Cognizant will leverage its deep financial services expertise and broad capabilities in areas such as process automation and data analytics to improve Dexia's operational efficiency and cost savings, while enabling its operations to remain compliant with existing and future regulations.

Dexia : Dexia and Cognizant in Exclusive Talks for Future Collaboration on Information Technology and Business Process Services
Wed, 17 May 2017 06:31:01 +0000
Privileged and regulated information – Brussels, Paris, Teaneck, New Jersey, 17 May 2017 – 8:30 AM (CET) Dexia and Cognizant in Exclusive Talks for Future Collaboration on Information Technology and Business …

Cognizant to Present at the J.P. Morgan 45th Annual Technology, Media and Telecom Conference
Mon, 15 May 2017 10:00:00 +0000
TEANECK, N.J., May 15, 2017 /PRNewswire/ —  Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following …

If only India’s IT companies could focus on real transformation instead of appeasing Trump
Fri, 12 May 2017 05:18:01 +0000
On May 02, Infosys, India’s second largest information technology (IT) company, announced that it will hire 10,000 American workers over the next two years. Three days later, on May 05, Nasdaq-listed Cognizant Technology Solutions, which has a large presence in India, also revealed plans to significantly ramp up hiring in the US. The companies spun…

These Job Cuts Aren't Trump's Fault
Thu, 11 May 2017 19:00:11 +0000
Cognizant, Infosys and their peers were in retreat long before the flap over visas.

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