Market News Video
MNV MNV 10 Bargains You Can Buy Cheaper Than Insiders Did
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Invesco QQQ Experiences Big Outflow
Monday, April 8, 11:00 AM ET, by Market News Video Staff

Symbols mentioned in this story: QQQ, ADP, MU, CTSH Exchange traded funds (ETFs) trade just ...

Notable Tuesday Option Activity: CTSH, PEP, TTWO
Tuesday, April 16, 3:21 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Sum Up The Pieces: FTA Could Be Worth $60
Wednesday, April 17, 7:53 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Cognizant Technology Solutions Breaks Above 200-Day Moving Average - Bullish for CTSH
Tuesday, April 23, 11:51 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Cognizant Technology Solutions Corp. (CTSH) crossed above their 200 ...

Commit To Purchase Cognizant Technology Solutions Corp. At $47.50, Earn 3% Using Options
Thursday, May 2, 11:51 AM ET, by Market News Video Staff

Investors considering a purchase of Cognizant Technology Solutions Corp. (CTSH) stock, but tentative about paying ...

Cognizant Technology Solutions is Now Oversold (CTSH)

By Market News Video Staff, Tuesday, May 8, 4:23 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Tuesday, shares of Cognizant Technology Solutions Corp. (NASDAQ:CTSH) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $75.05 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 52.4. A bullish investor could look at CTSH's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CTSH shares:

Cognizant Technology Solutions Corp. 1 Year Performance Chart

Looking at the chart above, CTSH's low point in its 52 week range is $63.39 per share, with $85 as the 52 week high point that compares with a last trade of $75.55. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, CTSH makes up 2.84% of the SPDR NYSE Technology ETF (NYSE:XNTK) which is trading up by about 0.2% on the day Tuesday.

See what other ETFs contain CTSH
See what other stocks are held by XNTK

Can your brain be trained to become a chart-predicting wizard? Click here to find out

This Article's Word Cloud:   About   According   Buffett   CTSH   Channel   Click   Cognizant   Corp   ETFs   Find   Finder   Index   Know   Legendary   Looking   NYSE   Oversold   Relative   SPDR   Should   Solutions   Start   Stocks   Strength   Technology   Tuesday   XNTK   about   below   chart   fearful   greedy   investor   look   other   others   oversold   point   reading   share   shares   stock   stocks   that   trading   week   what   when   which   with
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Stock Message Boards Stock Market Definitions

Cognizant Technology Solutions is Now Oversold (CTSH) | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.