Cognizant Technology Solutions Corporation : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
$72.23 |
$78 |
$69.4 |
+7.99% |
---|
The technical support around 71.62 USD emanating from daily closing prices could trigger a technical rebound for Cognizant Technology Solutions shares.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 62.94 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 75.39.
● The company is not the most generous with respect to shareholders' compensation.
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