The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
A clear signal has emerged for Cognizant (CTSH) on the daily chart. The stock is trading at $62.54, up 2.11% on the day. Algorithmically, a Bearish Flag structure has completed. The trend indicator is reading 19.6/100, suggesting moderate momentum. A potential breakout level is identified at $58.84, targeting $31.09 with support near $63.04 (R:R 6.61).
What is your outlook on CTSH?