Cognizant Technology Solutions Corporation (CTSH) : Traders are bullish on Cognizant Technology Solutions Corporation (CTSH) as it has outperformed the S&P 500 by a wide margin of 0.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.86% in the last 1 week, and is up 3.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.09 and $56.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.71, notching a gain of 1.60% for the day. The total traded volume was 8,794,082 . The stock had closed at $58.77 on the previous day.
The stock has recorded a 20-day Moving Average of 2.52% and the 50-Day Moving Average is 0.93%. Cognizant Technology Solutions Corporation has dropped 1.39% during the last 3-month period . Year-to-Date the stock performance stands at -0.52%.
Cognizant Technology Solutions Corporation (CTSH) : The highest level Cognizant Technology Solutions Corporation (CTSH) is projected to reach is $79 for the short term and the lowest estimate is at $65. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $68.88 and the possibility the share price can swing is $3.44.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.