Nov. 14 at 3:17 AM
$CTSH is currently showing a strong bullish momentum with a last close at
$73.56 and an RSI of 73.67, indicating it is in overbought territory. The price is above both the 30-day MA (69.68) and the 50-day MA (69.27), suggesting a strong upward trend. However, the high of
$75.67 over the past 60 days indicates potential resistance, while the low of
$65.15 provides a solid support level.
Given the current market context, the directional bias remains bullish, but caution is warranted due to the high RSI. A suggested entry point would be around
$73.00 to capitalize on potential pullbacks. A stop loss can be placed at
$71.40 to limit downside risk. Target 1 could be set at
$75.00, approaching the 60-day high, while Target 2 could be at
$76.00 for further upside potential.
Monitor market conditions closely as volatility may increase.
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