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CADENCE DESIGN SYSTEMS INC COM STK USD0.01CC

CADENCE DESIGN SYSTEMS INC COM STK USD0.01

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CDNS - Uptrend + Pinbar from value zoneI. Analysis 1. Strong in an uptrend as defined by the series of hh/hl + price trading above 20MA - looking for long opportunities 2. 20MA tested trice as support and held - value zone identified 3. Significant bullish pinbar formed upon third test of 20MA - entry trigger To sum up, we are trading in the direction of the trend - after all the trend is our friend. We are trading from a vale zone as identified by the 20MA - this zone allows us to set an obvious stop loss + expanding the potential profits to be taken increasing the r/r ratio. Finally, we have a clear entry trigger as well in the form of a bullish pinbar. II.Trade 1. Enter next candle 2. SL 1 ATR below 20MA // traing 20MA for trend following 3. TP next sing high for traders with more pain aversion // TP once price crosses and holds below 20MA for trend followers (trace SL) Plsd to hear yr comments. Cheers Ruben
NASDAQ:CDNSLong
by ruben_rodrigues
Cadence Design on Breakout watch On the verge of breakout Possible long entry $77.83 Target price $86.00 Stop loss $75.69 RSI in strong uptrend and room to run higher. Upgrade rating from Benchmark Benchmark analyst Ruben Roy assumed coverage of Cadence Design with a Buy rating and $90 price target. He believes both Cadence and Electronic Design Automation competitor Synopsys (SNPS) are well positioned to benefit from the increasing complexity of semiconductor designs, Roy tells investors. thefly.com
NLong
by Bullishcharts
$CDNS Cadence Design Systems beats and Raises $entry level $70.50 = Price target $79.00 = Stop loss $68.00 Technically very bullish and on the fundamentals of the recent earnings a rally looks imminent. Earnings summary. Cadence Design Systems (NASDAQ:CDNS) +5.2% reports Q3 beats with in-line Q4 guidance that sees $590-600M (consensus: $592.8M) in revenue and $0.52-0.54 EPS (consensus: $0.52). The FY19 guidance has revenue of $2.327B to $2.337B (consensus: $2.33B) and boosts EPS to $2.18-2.20 (was: $2.11-2.17; consensus: $2.16). Q3 operating margin was 32%, flat on the year. Product and maintenance revenue was $548.1M versus the $494M in last year's quarter. Services revenue was $31.5M, down from $37.5M. Source Seekingalpha. P/E high 44, high but acceptable in growth stock. Average analysts price target $74.18 | Overweight = expect upgrades int he days to come. Company profile Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
NLong
by Bullishcharts
Cadence Sys at pivotal point, when will longs cash in 80% gains?CADENCE DESIGN SYSTEMS INC. NASDAQ ($CDNS) After a 80% gain so far in 2019, CDNS is reaching a resistance point on which provides a tradable opportunity long or short. The stock has outpaced all but a few stocks this year in a in favourable sector, attracting money that the Semi and Chip stocks have lost, there may be the danger, rotation could be on the way back into the beaten down names which now hold value. The indicators are quite mixed but the RSI is showing bearish divergences since late march which should be considered before longing on momentum only. It is advisable to set alerts for break in price of RSI trendline, the next few trading sessions should determine the stock direction for the weeks to come. AVERAGE ANALYSTS PRICE TARGET $69.75 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT P/E RATIO 53 SHORT INTEREST 2% COMPANY PROFILE Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
N
by RedHotStocks
$CDNS CADENCE DESIGN SYSTEMS, deserves much more attention. Cadence delivered fabulous results for the 4th quarter of 2019 in which it beat on all metrics, this is very likely to continue as its new products have received very robust adoption. The company has quite a high P/E ratio but with current growth, investors may be willing to pay that premium. The selling in the last few days is slightly worrying heading to earnings, so we will adopt a wait a and see approach. Long term bullish but cautious into earnings.
N
by RedHotStocks