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Bullish Moving Average Cross by Cadence Design (CDNS)

By James Quinn

Cadence Design (NASDAQ:CDNS) shares have crossed bullishly above their 10-day moving average of $64.83 on a volume of 250K shares. This may provide short-term investors a chance 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 $80.40 and a 52-week low of $51.39 and are now trading 29% above that low price at $66.38 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

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