The Hourly View for CTSH
At the moment, CTSH (Get Ratings)’s price is up $0.36 (0.52%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as CTSH has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 200 hour changed directions on CTSH; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Business Services stocks, CTSH ranks 70th in regards to today’s price percentage change.
CTSH’s Technical Outlook on the Daily Chart
At the time of this writing, CTSH’s price is up $1.22 (1.79%) from the day prior. CTSH has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Cognizant Technology Solutions Corp’s price action over the past 90 days can be seen via the chart below.
CTSH: Daily RSI Analysis
For CTSH News Traders
Investors and traders in CTSH may be particularly interested in the following story that came out in the past day:
Stephanie Keith/Getty Images News Palantir (PLTR) recently announced that it was rolling out Foundry for Builders, an initiative to get early stage companies using its Foundry data platform. The initiative will see Palantir court startups with high growth potential–beginning with companies connected to existing PLTR clients, then moving to the…
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