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SmarTrend Watching for Potential Rebound in Shares of Cognizant Technology Solutions After 1.01% Loss

By James Quinn

Cognizant Technology Solutions (NASDAQ:CTSH) traded in a range yesterday that spanned from a low of $57.53 to a high of $58.63. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $57.88 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Cognizant Technology Solutions and will alert subscribers who have CTSH in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Cognizant Technology Solutions share prices have been bracketed by a low of $51.22 and a high of $69.80 and are now at $57.73, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders Cognizant Technology Solutions

Ticker(s): CTSH