Cadence Design Systems (CDNS) shares exceed 200 DMA

IIn Wednesday’s trading, shares of Cadence Design Systems Inc (ticker: CDNS) rose above their 200-day moving average of $155.66, changing hands as high as $157.80 per share. Shares of Cadence Design Systems Inc are currently trading up around 4.6% on the day. The chart below shows the one-year performance of CDNS stock, compared to its 200-day moving average:

Looking at the chart above, CDNS’s low point in its 52-week range is $118.11 per share, with $192.70 as its 52-week high – compare with a last trade of 157.46 $. The above CDNS DMA information comes from TechnicalTo

Click here to find out which 9 other stocks recently broke their 200-day moving average »

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