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Cadence Design Crosses Below its 10-day MA (CDNS)

By Nick Russo

Today, shares of Cadence Design (NASDAQ:CDNS) have crossed bearishly below their 10-day moving average of $64.42 on a volume of 318K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Cadence Design have traded between a low of $36.65 and a high of $65.64 and are now at $64.01, which is 75% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for Cadence Design and will alert subscribers who have CDNS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cadence design

Ticker(s): CDNS