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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 $70.01 on a volume of 182K shares. This may provide short-term investors a chance 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 $39.08 and a high of $77.08 and are now at $68.91, which is 76% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Cadence Design. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cadence Design in search of a potential trend change.

Keywords: moving crosses cadence design

Ticker(s): CDNS