Learn to Evaluate (CTSH) using the Charts
September 16, 2024, 15:30 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CTSH
- Buy CTSH slightly over 73.2 target 79.08 stop loss @ 72.99 Details
The technical summary data tells us to buy CTSH near 73.2 with an upside target of 79.08. This data also tells us to set a stop loss @ 72.99 to protect against excessive loss in case the stock begins to move against the trade. 73.2 is the first level of support below 77.735 , and by rule, any test of support is a buy signal. In this case, support 73.2 is being tested, a buy signal would exist.
- Short CTSH slightly under 79.08, target 73.2, stop loss @ 79.31 Details
The technical summary data is suggesting a short of CTSH as it gets near 79.08 with a downside target of 73.2. We should have a stop loss in place at 79.31though. 79.08 is the first level of resistance above 77.735, and by rule, any test of resistance is a short signal. In this case, if resistance 79.08 is being tested, a short signal would exist.
Swing Trading Plans for CTSH
- Buy CTSH slightly over 79.08, target n/a, Stop Loss @ 78.85 Details
If 79.08 begins to break higher, the technical summary data tells us to buy CTSH just slightly over 79.08, with an upside target of n/a. The data also tells us to set a stop loss @ 78.85 in case the stock turns against the trade. 79.08 is the first level of resistance above 77.735, and by rule, any break above resistance is a buy signal. In this case, 79.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CTSH slightly near 79.08, target 76.64, Stop Loss @ 79.31. Details
The technical summary data is suggesting a short of CTSH if it tests 79.08 with a downside target of 76.64. We should have a stop loss in place at 79.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CTSH
- Buy CTSH slightly over 79.08, target n/a, Stop Loss @ 78.9 Details
If 79.08 begins to break higher, the technical summary data tells us to buy CTSH just slightly over 79.08, with an upside target of n/a. The data also tells us to set a stop loss @ 78.9 in case the stock turns against the trade. 79.08 is the first level of resistance above 77.735, and by rule, any break above resistance is a buy signal. In this case, 79.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CTSH slightly near 79.08, target 77.11, Stop Loss @ 79.26. Details
The technical summary data is suggesting a short of CTSH if it tests 79.08 with a downside target of 77.11. We should have a stop loss in place at 79.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Cognizant Technology Solutions Corporation (CTSH) available here: CTSH.
CTSH Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
67.34 |
| P2 |
75.99 |
75.42 |
73.2 |
| P3 |
77.11 |
76.64 |
79.08 |
AI Generated Signals for CTSH
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Cognizant Technology Solutions Corporation (NASDAQ: CTSH) report below can help you understand how to do this. The trading plans for CTSH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CTSH:
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