Infosys Technologies (INFY) NewsBite - INFY Rises on Cognizant (CTSH) Earnings
Posted: Tuesday, February 09, 2010 10:44 AM EDT
By: Market Intelligence Center Staff
Infosys Technologies (NASDAQ: INFY) opened at $52.55. So far today, the stock has hit a low of $52.31 and a high of $52.95. INFY is now trading at $52.87, up $1.75 (3.41%). Over the last 52 weeks the stock has ranged from a low of $22.61 to a high of $59.13. INFY shares are rising today after competitor Cognizant Technology (CTSH) reported a fourth-quarter profit that beat analysts' forecasts, lifting shares of competing firms. Technical indicators for the stock are neutral and S&P gives INFY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on INFY the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 47.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Infosys Technologies (INFY) Stock ReportSee what our analysts have uncovered about Infosys Technologies (INFY).