Cognizant Technology Solutions (CTSH) Downgrade Alert, Watch for 19.2% Technical Uptrend Reversal

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Uploaded by on Aug 5, 2010

Cognizant Technology Solutions (NASDAQ:CTSH) downgraded to Equal Weight from Overweight at Morgan Stanley. The stock closed yesterday at $61.57 on volume of 3,421,200 shares, below average daily volume of 3,728,113.
Cognizant Technology Solutions is currently above its 50-day moving average of $52.65 and above its 200-day moving average of $48.67.
SmarTrend is bullish on shares of CTSH and our subscribers received an Uptrend alert on June 03, 2010 at $51.64, which has returned 19.2% to date.

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