PPR - Cognizant Technology Solutions Continuation Type Pocket Pivot

Published : October 16 2010 at 16:46 ET

Cognizant Technology Solutions (CTSH) flashed a strong volume pocket pivot buy point on Friday as it moved to new highs on Friday. This would be a reasonable spot to add shares if one is already long CTSH while aggressive players could take a position using a near stop at the 10-day or 50-day moving averages. CTSH does not tend to obey the 10-day moving average, but one might expect this strong-volume move to carry from here.

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