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

By Shiri Gupta

Today, shares of Cognizant Tech-A (NASDAQ:CTSH) have crossed bearishly below their 10-day moving average of $60.51 on a volume of 123K shares. Swing traders may find 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 $74.85 and a 52-week low of $56.73 and are now trading 6% above that low price at $60.31 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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