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Cognizant Tech-A Crosses Below its 10-day MA (CTSH)

By Shiri Gupta

Cognizant Tech-A (NASDAQ:CTSH) crossed under its 10-day moving average of $58.54 on a volume of 889K 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.

In the past 52 weeks, shares of Cognizant Tech-A have traded between a low of $56.73 and a high of $83.35 and are now at $58.19, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.7%.

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