Cognizant Technology Solutions Bearish Moving Average Crossover Alert (CTSH)
Today, shares of Cognizant Technology Solutions (NASDAQ:CTSH) have crossed bearishly below their 10-day moving average of $58.26 on a volume of 704K 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, Cognizant Technology Solutions share prices have been bracketed by a low of $51.22 and a high of $69.80 and are now at $57.97, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.
SmarTrend is tracking the current trend status for Cognizant Technology Solutions and will alert subscribers who have CTSH in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Cognizant Technology Solutions