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

By Nick Russo

Cognizant Tech-A (NASDAQ:CTSH) shares have crossed bullishly above their 10-day moving average of $69.86 on a volume of 212K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cognizant Tech-A share prices have moved between a 52-week high of $72.07 and a 52-week low of $45.44 and are now trading 54% above that low price at $69.98 per share. The 200-day and 50-day moving averages have moved 0.1% lower and 0.23% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cognizant Tech-A on November 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.67. Since that recommendation, shares of Cognizant Tech-A have risen 20.8%. We continue to monitor CTSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cognizant tech-a

Ticker(s): CTSH