CDNS trade ideas
CDNS : Finally a real move. With the exponential increase in the use of FPGAs and ASICs, CDNS is in a nice position.
In addition, trend and momentum are confirmed by Trading Shift Indicator -- see link below.
Ascending Triagle pressureThis is another great ascending triangle possible breakout. I will be buying options at the open today 1/12/17 if this opens higher. Longer term trend bullish
CDNS broke to a new high on high volumeIBD rating --
Group: 122/197 (#1 in group)
EPS: 92
SMR: A
PE: 21
Earnings due: 25 Jul 2016
Cadence Design System Inc. - $CDNS - Swing Setup - Long
Painted a NR3 & NR7 combo to end the week
With rising 5ema supporting Friday's almost hammer like bar
Bullish RSI
MACD is sideway, although slightly bearish
Long entry above last week's high; Target at 2nd Fib, with stop at under Friday's low.
CDNS Trend change?Stoch and RSI looks good, MACD A and signal line look to be flipping. Looks like the bottom
