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Cognizant Tech-A Bearish Moving Average Crossover Alert (CTSH)

By Amy Schwartz

Today, shares of Cognizant Tech-A (NASDAQ:CTSH) have fallen below their 10-day MA of $62.14 on a volume of 738K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cognizant Tech-A share prices have been bracketed by a low of $56.73 and a high of $83.35 and are now at $61.97, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

SmarTrend is monitoring the recent change of momentum in Cognizant Tech-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cognizant Tech-A in search of a potential trend change.

Keywords: moving crosses cognizant tech-a

Ticker(s): CTSH