Market News Video
MNV MNV 10 Stocks Crossing Above Their 200 Day Moving Average
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

RYT, CDNS, QRVO, TEL: Large Inflows Detected at ETF
Monday, August 24, 10:45 AM ET, by Market News Video Staff

Symbols mentioned in this story: RYT, CDNS, QRVO, TEL Exchange traded funds (ETFs) trade just ...

XT, SQ, MELI, CDNS: Large Outflows Detected at ETF
Wednesday, September 2, 10:46 AM ET, by Market News Video Staff

Symbols mentioned in this story: XT, SQ, MELI, CDNS Exchange traded funds (ETFs) trade just ...

First Week of CDNS September 18th Options Trading
Tuesday, September 8, 10:38 AM ET, by Market News Video Staff

Investors in Cadence Design Systems Inc (CDNS) saw new options begin trading this week, for ...

Peek Under The Hood: FEX Has 10% Upside
Friday, September 18, 8:39 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Cadence Design Systems Reaches Analyst Target Price
Tuesday, October 13, 8:18 AM ET, by Market News Video Staff

In recent trading, shares of Cadence Design Systems Inc (CDNS) have crossed above the average ...

Cadence Design Systems Enters Oversold Territory (CDNS)

By Market News Video Staff, Wednesday, May 19, 1:56 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Cadence Design Systems Inc (NASDAQ:CDNS) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $118.11 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 44.0. A bullish investor could look at CDNS's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CDNS shares:

Cadence Design Systems Inc 1 Year Performance Chart

Looking at the chart above, CDNS's low point in its 52 week range is $81.95 per share, with $149.08 as the 52 week high point — that compares with a last trade of $121.16. Find out what 9 other oversold stocks you need to know about »

Special Offer: Join the income investing conversation on with a special Seven Days for Seven Dollars invitation.

This Article's Word Cloud:   About   Buffett   CDNS   Cadence   Days   Design   Dollars   Find   Index   Join   Know   Legendary   Looking   Offer   Oversold   Relative   Seven   Should   Special   Start   Stocks   Strength   Systems   ValueForum   Warren   Wednesday   about   above   advises   after   analysis   begin   below   chart   fearful   greedy   investor   look   others   oversold   point   raquo   reading   share   shares   stock   that   week   when   with
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Stock Message Boards Stock Market Definitions

Cadence Design Systems Enters Oversold Territory (CDNS) | Market News Video | Copyright © 2008 - 2021, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.