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Actionable news in CDNS: Cadence Design Systems, Inc.,

Cadence Design Systems (CDNS) Highlighted As Strong And Under The Radar Stock Of The Day

Trade-Ideas LLC identified Cadence Design Systems ( CDNS) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Cadence Design Systems as such a stock due to the following factors:

  • CDNS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.1 million.
  • CDNS has traded 164.93999999999999772626324556767940521240234375 options contracts today.
  • CDNS is making at least a new 3-day high.
  • CDNS has a PE ratio of 33.
  • CDNS is mentioned 2.00 times per day on StockTwits.
  • CDNS has not yet been mentioned on StockTwits today.
  • CDNS is currently in the upper 20% of its 1-year range.
  • CDNS is in the upper 35% of its 20-day range.
  • CDNS is in the upper 45% of its 5-day range.
  • CDNS is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others...


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