Nick Santiago
InTheMoneyStocks
Tuesday, May 8, 2018
Watch This Trade Level For Cognizant Tech Solutions $CTSH
Cognizant Tech Solutions (NASDAQ:CTSH) is a leading provider in IT consulting, technology and outsourcing services for companies. Yesterday, the stock plunged lower after reporting earnings that disappointed the street. Today, CTSH stock is falling lower by 2.03 percent to $76.28 a share. Traders and investors should note that the break-down occurred with extremely heavy volume signaling further downside in the near term. The next major support level for CTSH stock will be around the $71.00 area. This level is where the stock broke out of a bearish base in January 2018. Often, prior breakout levels will serve as solid support when retested.
