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Bullish Moving Average Cross by Cognizant Tech-A (CTSH)

By Shiri Gupta

Today, shares of Cognizant Tech-A (NASDAQ:CTSH) have crossed bullishly above their 10-day moving average of $60.58 on a volume of 302K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cognizant Tech-A have traded between a low of $56.73 and a high of $74.85 and are now at $60.90, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Cognizant Tech-A and will alert subscribers who have CTSH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cognizant tech-a

Ticker(s): CTSH