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Cognizant Tech-A (CTSH) Approaches New Downside Target of $76.48

By Amy Schwartz

Shares of Cognizant Tech-A (NASDAQ:CTSH) opened today below their pivot of $77.83 and have already reached the first level of support at $77.37. Investors may be interested in a cross of the next downside pivot targets of $76.48 and $75.13.

In the past 52 weeks, Cognizant Tech-A share prices have been bracketed by a current low of $0.00 and a high of $85.10 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.15% higher and 0.18% lower over the past week, respectively.

Potential upside of 0.0% exists for Cognizant Tech-A, based on a current level of $0.00 and analysts' average consensus price target of $89.85. Cognizant Tech-A shares should first meet resistance at the 200-day moving average (MA) of $76.10 and find additional resistance at the 50-day MA of $78.60.

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: pivot alerts cognizant tech-a

Ticker(s): CTSH