Articles tagged with CDNS

I've seen thousands and thousands of charts during my years in the stock market and I'm continually striving to learn something new. One thing I noticed many years ago is that certain gaps can be relied upon more than others. When I analyze breakouts, I personally prefer to use opening and closing prices - as opposed to intraday prices. I believe intraday prices can many times signal false breakouts or false breakdowns. To illustrate what I like to see in a "true" breakout from a gap, let's look at Cadence Design Systems, Inc. (CDNS):...keep reading

I think we've done a pretty decent job of forecasting solid results and not-so-solid results. Cadence Design Systems (CDNS) was a software company that was featured in our July 20th EB Digest newsletter. I pointed out the relative strength and soaring AD line as it prepared for earnings - and CDNS delivered. CDNS posted excellent results and it now trades very near its 2022 high....keep reading

On Tuesday, the S&P 500 finally closed above its 50-day SMA. It was the first time in nearly 3 months and sets the stage for higher prices ahead. Key price resistance from early June resides just beneath 4200, so there's still roughly an additional 6-7% potential rise to reach that level....keep reading