• Return to Headlines

Cadence Design Systems Shares Up 26.5% Since SmarTrend's Buy Recommendation (CDNS)

By James Quinn

SmarTrend identified an Uptrend for Cadence Design Systems (NASDAQ:CDNS) on February 4th, 2016 at $20.83. In approximately 9 months, Cadence Design Systems has returned 26.47% as of today's recent price of $26.35.

Over the past year, Cadence Design Systems has traded in a range of $18.13 to $26.45 and is now at $26.35, 45% above that low. The 200-day and 50-day moving averages have moved 0.33% higher and 0.74% higher over the past week, respectively.

Cadence Design Systems, Inc. provides software technology, design and consulting services and technology. The Company licenses its electronic design automation software technology and provides a variety of professional services. Cadence's design realization solutions are used to design and develop complex chips and electronic systems, including semiconductors.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cadence Design Systems shares.

Log in and add Cadence Design Systems (CDNS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights cadence design systems

Ticker(s): CDNS