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

By James Quinn

Cadence Design (NASDAQ:CDNS) shares have crossed bearishly below their 10-day moving average of $65.92 on a volume of 122K 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, Cadence Design share prices have been bracketed by a low of $39.28 and a high of $77.08 and are now at $65.75, 67% 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 declined 0.3%.

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