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CDNS Makes Notable Cross Below Critical Moving Average

By Market News Video Staff, Wednesday, June 2, 4:34 PM ET
Play Video: Learn About The 200 DMA


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In trading on Wednesday, shares of Cadence Design Systems Inc (NASDAQ:CDNS) crossed below their 200 day moving average of $124.08, changing hands as low as $123.91 per share. Cadence Design Systems Inc shares are currently trading down about 1% on the day. The chart below shows the one year performance of CDNS shares, versus its 200 day moving average:

Cadence Design Systems Inc 200 Day Moving Average Chart

Looking at the chart above, CDNS's low point in its 52 week range is $87.94 per share, with $149.08 as the 52 week high point — that compares with a last trade of $124.53. The CDNS DMA information above was sourced from TechnicalAnalysisChannel.com


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