Learn to Evaluate Cognizant Tech Solution ($CTSH) using the Charts
November 12, 2023, 18:00 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CTSH
- Buy CTSH slightly over 64.36 target 68.58 stop loss @ 64.17 Details
The technical summary data tells us to buy CTSH near 64.36 with an upside target of 68.58. This data also tells us to set a stop loss @ 64.17 to protect against excessive loss in case the stock begins to move against the trade. 64.36 is the first level of support below 65.95 , and by rule, any test of support is a buy signal. In this case, support 64.36 would be being tested, so a buy signal would exist.
- Short CTSH slightly under 68.58, target 64.36, stop loss @ 68.78 Details
The technical summary data is suggesting a short of CTSH as it gets near 68.58 with a downside target of 64.36. We should have a stop loss in place at 68.78though. 68.58 is the first level of resistance above 65.95, and by rule, any test of resistance is a short signal. In this case, if resistance 68.58 is being tested, so a short signal would exist.
Swing Trading Plans for CTSH
- Buy CTSH slightly over 66.26, target 68.58, Stop Loss @ 66.07 Details
If 66.26 begins to break higher, the technical summary data tells us to buy CTSH just slightly over 66.26, with an upside target of 68.58. The data also tells us to set a stop loss @ 66.07 in case the stock turns against the trade. 66.26 is the first level of resistance above 65.95, and by rule, any break above resistance is a buy signal. In this case, 66.26, 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 66.26, target 64.36, Stop Loss @ 66.45. Details
The technical summary data is suggesting a short of CTSH if it tests 66.26 with a downside target of 64.36. We should have a stop loss in place at 66.45 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, 66.26, 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 66.26, target 68.58, Stop Loss @ 66.11 Details
If 66.26 begins to break higher, the technical summary data tells us to buy CTSH just slightly over 66.26, with an upside target of 68.58. The data also tells us to set a stop loss @ 66.11 in case the stock turns against the trade. 66.26 is the first level of resistance above 65.95, and by rule, any break above resistance is a buy signal. In this case, 66.26, 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 66.26, target 65.52, Stop Loss @ 66.41. Details
The technical summary data is suggesting a short of CTSH if it tests 66.26 with a downside target of 65.52. We should have a stop loss in place at 66.41 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, 66.26, 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 Tech Solution (CTSH) available here: CTSH.
CTSH Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
64.36 |
| P2 |
64.80 |
66.26 |
68.58 |
| P3 |
65.52 |
|
73.02 |
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 Tech Solution (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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