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COGNIZANT TECH SOL
(CTSH-Nasdaq):
Technical Viewpoint: From a low
of $22.00 on Jun 3, 2004 prices
rallied, reaching a
high of $26.64
on Jun 28, 2004. A
decline saw prices pull back, reaching a
low of
$22.84 on Jul 22, 2004.
Another rally saw prices penetrate
resistance, closing 7/27/04
at $27.51. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 27, 2004. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! COGNIZANT TECH SOL
(CTSH-Nasdaq) @ $28.13 Stop: Use a protective stop of $26.13.
COGNIZANT TECH SOL is currently trading @ $27.51 plus $1.69 on Jul 27, 2004. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$38.00
Risk/Reward:
$2.00 VS. $9.87
Risk/Reward Ratio:
5:1
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