CDNS GAP ANTICIPATION LONG EARNING SEASONCDNS GAP ANTICIPATION LONG EARNING SEASONLongby TRADINGIDEAS012
Cadence Sys at pivotal point, when will longs cash in 80% gains?CADENCE DESIGN SYSTEMS INC. NASDAQ ($CDNS) After a 80% gain so far in 2019, CDNS is reaching a resistance point on which provides a tradable opportunity long or short. The stock has outpaced all but a few stocks this year in a in favourable sector, attracting money that the Semi and Chip stocks have lost, there may be the danger, rotation could be on the way back into the beaten down names which now hold value. The indicators are quite mixed but the RSI is showing bearish divergences since late march which should be considered before longing on momentum only. It is advisable to set alerts for break in price of RSI trendline, the next few trading sessions should determine the stock direction for the weeks to come. AVERAGE ANALYSTS PRICE TARGET $69.75 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT P/E RATIO 53 SHORT INTEREST 2% COMPANY PROFILE Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.by RedHotStocks9
CDNSAll time high is broken, monthly & weekly is trending up. D1 created new demand zone breaking all time high.Longby JPTradingGroup0
$CDNS CADENCE DESIGN SYSTEMS, deserves much more attention. Cadence delivered fabulous results for the 4th quarter of 2019 in which it beat on all metrics, this is very likely to continue as its new products have received very robust adoption. The company has quite a high P/E ratio but with current growth, investors may be willing to pay that premium. The selling in the last few days is slightly worrying heading to earnings, so we will adopt a wait a and see approach. Long term bullish but cautious into earnings. by RedHotStocks4
Cadence Design Systems #CDNSAll time frames are up after such a strong move up , expecting a bigger retracement looking to go lon g at 45 dollar a share Longby karimgamal0
CDNS: patterning out speculation to provide support to move upCDNS is shifting sideways after a strong run out of a bottoming formation. The sideways action patterns out some of the speculation and provides support for the stock to move higher. by MarthaStokesCMT-TechniTrader0
Potential Hanging ManIf you just look on the left of each stock and learn about their candlestick and patterns you will learn a ton. Hanging Man Only works after the next candle stick confirm it. Shortby tlake412Updated 220
[CDNS] phase 3 -> SellIn this phase 3 the price is over the 30MM. In a 4.39% the price rise to the resistant and 20.44% to the support. Sell. Longby jlaracena1
Knocking on the DoorCan be long above 46. RSI getting ready to peak Solidly pushing through several supply levels Longby temeritytrading1
Cadence Design Systems - Temporary slow downYesterday in the day chart CDNS closed with a long legged doji. From the chart patterns and technical analysis. No confirmed direction yet where the price of this stock is going. Although from technical indicators RSI, CCI & Volume it might go more to the down side. *** This is not an investment advise ***by JZ_Trading1
CDNS : Finally a real move. With the exponential increase in the use of FPGAs and ASICs, CDNS is in a nice position. In addition, trend and momentum are confirmed by Trading Shift Indicator -- see link below. Longby BradfordFournier1
Ascending Triagle pressureThis is another great ascending triangle possible breakout. I will be buying options at the open today 1/12/17 if this opens higher. Longer term trend bullish Longby carley6214