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

By Nick Russo

Cognizant Tech-A (NASDAQ:CTSH) shares have crossed bearishly below their 10-day moving average of $63.83 on a volume of 428K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cognizant Tech-A share prices have moved between a 52-week high of $83.35 and a 52-week low of $56.73 and are now trading 12% above that low price at $63.72 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.2%.

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