SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Cadence Design Systems (CDNS)
Friday, March 19, 2010 - 10:10
Written on Fri, 03/19/2010 - 10:10am
By Chip Brian

SmarTrend identified an Uptrend for Cadence Design Systems (NASDAQ:CDNS) on March 05, 2010 at $6.24. In approximately 2 weeks, Cadence Design Systems has returned 9.8% as of today's recent price of $6.85.
Cadence Design Systems is currently above its 50-day moving average of $6.00 and above its 200-day moving average of $6.22. Look for these moving averages to climb to confirm the company's upward momentum.
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.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): CDNS

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