Cognizant Technology Solutions Corporation (NASDAQ: CTSH)

cog1The most consistent company in our gold list for growth over the last ten years.

An IT and consultancy business. Japan, Australia and Singapore are significant investment areas for CTSH. 166,400 employees and working capital of $4,137 million. However, their top ten customers represent nearly a quarter of their income.

We have a buy signal. My concern is that to provide a suitable risk reward return the share price would need to clear the all time high of $54. As we go into April, traditionally shares experience a correction at some point in the month. Also, CTSH climbed very nicely between 2009 and 2011. It then went flat for a while before climbing again over the last year. We could be in a period of flatness for a while.

I might trade the share, however, as an investment consider this an introduction to Cognizant.

 

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