Here's How To Trade Cognizant Tech Post Earnings
InTheMoneyStocks.com | May 08, 2018 12:12PM ET
Cognizant Technology Solutions (NASDAQ:CTSH) provides IT, technology and outsourcing services. Yesterday, the stock plunged lower after reporting earnings that disappointed the street. Today, CTSH is falling lower by 2.03 percent to $76.28 a share. Traders should note that the break-down occurred on extremely heavy volume signaling further downside in the near term.h3 Support/h3
The next major support level for CTSH is around $71, which is where the stock broke out of a bearish base in January 2018. Often, prior breakout levels will serve as solid support when retested.
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