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Cadence Design Systems Inc. Message Board

  • carolyn_novice carolyn_novice Aug 14, 2013 2:31 PM Flag

    Volume and price show signs of accumulation CDNS @ 14.39

    After a long base building it looks like the stock may make an attempt to cross the resistance zone. We still need high volume for one more week. Some of the activity is due to options expiration this week. Generally on weak market day the strength in CDNS is a very good and BULLISH SIGN.

    Good luck if you are a trader.


    Carolyn Novice

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Carolyn, I knew once we went past the "over-sold" marker we'd bottom sooner or later. Need good volume to verify the next leg up.


      • 1 Reply to puraraw_9544
      • 1. It will need high volume reversal, today’s low was 14.02, which is a lowest low since it made a new high 15.96 on July 18,2013
        2. It will need a daily volume of 8,583,400 and closing above 15.00 for a buy signal.
        3. In last three days, 2 days we had volume above 5.7 million and both days it was up.

        Settlement Date ……Short Interest……. Avg Daily Share Volume ……Days To Cover 7/31/2013………. 33,256,725 …………3,925,659 …………………..8.471629
        7/15/2013……………. 29,337,091………... 1,968,218……………….. 14.905407

        Cisco earning impact could still undo the base building.

        Please keep an eye on the stock price and volume; it has to be up for more than three days, to evaluate.

        One day doesnot make it a bargain, it could be technical rally. We need three positive days.


        Carolyn Novice

18.21-0.22(-1.19%)Mar 5 4:00 PMEST

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