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CTSH

Sold Half CTSH. Raised Stops to Break Even.Trading Fam, I feel that we are closing in on a local top here in the U.S. stock market for a while. My target on Cognizant Tech. may have been too aggressive above that 200 SMA and 350 SMA so, I've decided to sell half, capture any profits that I have, and raise my stops to break even on the remainder of this position. You know where to catch the remainder of my open positions. This last move takes my portfolio up to 86% profit on the year. We've have closed the last 17 exits as profit with an average profit of almost 30%. Congrats to all those who have been following me and my new indicator over the past year. We've done well and I expect more to come, though, we may have to start looking at some shorts at this time. ✌️Stew
NASDAQ:CTSHLong
by stewdamus
CTSH - Trigger is activated for a Long!The long-term previous top of NASDAQ:CTSH has been broken in December 2021. Since then, this stock has been doing a nice pullback to the broken zone, which I expect to be acted as the new support line of the chart. During January, February and April 2022, the price retouched this support line, and each time couldn't break it, which shows the high amounts of Limit Buy orders on the line. Two buying scenarios can be organized here, either for risk takers or risk-averse investors: Risk-takers can enter with the stop loss of $79, since if the stop loss hits, the trend will be completely changed to the downtrend. Risk-averse investors can wait for a breakup and a slow pullback on $92.2, which is the highest high on the chart. Price and time target of both positions are mentioned on the chart as "PRZ & TRZ".
NASDAQ:CTSHLong
by Amir_Shamshiri
Cognizant climbs higher in volumeNASDAQ:CTSH 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.
NASDAQ:CTSHLong
by TheRealWalters