1. Cognizant signed a five-year IT services agreement with ERIKS. 2. CTSH stock rose 17% in the past month, reaching $83.63. 3. CTSH's RSI indicates it is overbought at 78.4. 4. The 52-week high for CTSH is $90.82.
FAQ
Why Neutral?
While the agreement boosts sentiment, the high RSI suggests potential profit-taking.
How important is it?
The partnership enhances CTSH's prospects but conflicting RSI data tempers expectations.
Why Short Term?
Immediate effects from the strategic agreement may fade with high RSI readings.