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Cognizant Technology Solutions Bullish Moving Average Crossover Alert (CTSH)

By David Diaz

Today, shares of Cognizant Technology Solutions (NASDAQ:CTSH) have advanced above their 10-day MA of $60.48 on a volume of 634K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cognizant Technology Solutions has traded in a range of $51.22 to $69.80 and is now at $61.67, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Cognizant Technology Solutions. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cognizant Technology Solutions in search of a potential trend change.

Keywords: moving crosses Cognizant Technology Solutions

Ticker(s): CTSH