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Cadence Design Bullish Moving Average Crossover Alert (CDNS)

By David Diaz

Cadence Design (NASDAQ:CDNS) crossed over its 10-day moving average of $69.91 on a volume of 204K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cadence Design share prices have moved between a 52-week high of $73.09 and a 52-week low of $39.08 and are now trading 80% above that low price at $70.37 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Cadence Design on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.58. Since that recommendation, shares of Cadence Design have risen 4.3%. We continue to monitor CDNS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cadence design

Ticker(s): CDNS