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Cognizant Technology Solutions Bullish Moving Average Crossover Alert (CTSH)

By James Quinn

Cognizant Technology Solutions (NASDAQ:CTSH) shares have crossed bullishly above their 10-day moving average of $66.70 on a volume of 523K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cognizant Technology Solutions share prices have moved between a 52-week high of $69.80 and a 52-week low of $45.44 and are now trading 48% above that low price at $67.30 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 Technology Solutions 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 Technology Solutions have risen 15.5%. We continue to monitor CTSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Cognizant Technology Solutions

Ticker(s): CTSH