Despite broader market action being questionable, Cognizant appears to be one bright spot that is attracting large scale buyers since 12th January.
Cognizant has encouraging Sales and E.P.S growth which was 23% and 15% respectively last quarter, with an Annual ROE of 23%.
With the next earnings release just 12 days away, this could be false hope in the shape of a retracement from around the $70 level or the start of something new.