I found CTSH to have an incline wedge pattern. Significant of a bearish pattern and correlated with the DJI+SPX+NASDAQ. Incline wedge have had good indicators of a large bearish move. Wait for stock to break out of wedge + break support.
NASDAQ: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...
Cognizant Technology Solutions (CTSH) shows a DecisionBar Short Exhaustion signal.
Note that you can look ahead on TradingView charts to see when future earnings (E) will be announced, as well as when past earnings were announced. Given the run up following the previous earnings report, I would be hesitant to take a short position on CTSH.
![CTSH: [bto] $CTSH JAN18 $75 Cs](https://s3.tradingview.com/d/d5ueCLTA_mid.png "[bto] $CTSH JAN18 $75 Cs")
