On the verge of breakout Possible long entry $77.83 Target price $86.00 Stop loss $75.69 RSI in strong uptrend and room to run higher. Upgrade rating from Benchmark Benchmark analyst Ruben Roy assumed coverage of Cadence Design with a Buy rating and $90 price target. He believes both Cadence and Electronic Design Automation competitor Synopsys (SNPS) are...
Rounded bottom and good feelings
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.
$entry level $70.50 = Price target $79.00 = Stop loss $68.00 Technically very bullish and on the fundamentals of the recent earnings a rally looks imminent. Earnings summary. Cadence Design Systems (NASDAQ:CDNS) +5.2% reports Q3 beats with in-line Q4 guidance that sees $590-600M (consensus: $592.8M) in revenue and $0.52-0.54 EPS (consensus: $0.52). The FY19...
CDNS GAP ANTICIPATION LONG EARNING SEASON
CADENCE DESIGN SYSTEMS INC. NASDAQ ($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...
All time high is broken, monthly & weekly is trending up. D1 created new demand zone breaking all time high.
Like the trend on this one.
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...
All time frames are up after such a strong move up , expecting a bigger retracement looking to go lon g at 45 dollar a share
CDNS 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.
If 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.