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Next Support Level for Cognizant Tech-A (CTSH) is $74.76

By Amy Schwartz

Shares of Cognizant Tech-A (NASDAQ:CTSH) opened today below their pivot of $75.49 and have already reached the first level of support at $75.07. Analysts will be watching for a cross of the next downside pivot targets of $74.76 and $74.03.

Cognizant Tech-A (NASDAQ:CTSH) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $89.85. Cognizant Tech-A shares should first meet resistance at the 50-day moving average (MA) of $59.23 and find additional resistance at the 200-day MA of $61.71.

In the past 52 weeks, shares of Cognizant Tech-A have traded between the 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 0.1% lower and 0.23% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cognizant Tech-A on March 28th, 2018 by issuing a Downtrend alert when the shares were trading at $80.13. Since that call, shares of Cognizant Tech-A have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts cognizant tech-a

Ticker(s): CTSH