• Return to Headlines

Look for Shares of Cognizant Tech-A to Potentially Pullback after Yesterday's 1.73% Rise

By James Quinn

Cognizant Tech-A (NASDAQ:CTSH) traded in a range yesterday that spanned from a low of $81.00 to a high of $82.24. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $82.23 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Cognizant Tech-A have traded between a low of $45.44 and a high of $85.10 and are now at $82.08, which is 81% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders cognizant tech-a

Ticker(s): CTSH