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After Yesterday's Decline of 3.24%, Cognizant Tech-A Offers Investors Better Value

By Nick Russo

Cognizant Tech-A (NASDAQ:CTSH) traded in a range yesterday that spanned from a low of $71.91 to a high of $72.70. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $73.55 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Cognizant Tech-A has traded in a range of $59.47 to $83.35 and is now at $71.91, 21% above that low. The 200-day and 50-day moving averages have moved 0.08% lower and 0.36% higher over the past week, respectively.

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: rebounders cognizant tech-a

Ticker(s): CTSH