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Cadence Design Systems Inc. Message Board

  • carolyn_novice carolyn_novice Aug 16, 2013 10:09 AM Flag

    Selling & Buying Pressure Struggling CDNS @ 14.45

    Selling & Buying Pressure Struggling CDNS @ 14.45

    Date ………. Volume ………. Closing ………. Change ……….
    2-Aug ………. 19,239 15.00 14.81 14.94 ………. -0.02 ………. Down
    5-Aug ………. 20,683 14.93 14.67 ………. 14.78 ………. -0.16 ………. Down
    6-Aug ………. 23,254 14.81 14.40 ………. 14.50 ………. -0.28 ………. Down
    7-Aug ………. 22,739 14.51 14.25 ………. 14.40 ………. -0.10 ………. Down
    8-Aug ………. 33,565 14.46 14.18 ………. 14.42 ………. 0.02 ………. Up
    9-Aug ………. 25,327 14.47 14.18 ………. 14.23 ………. -0.19 ………. Down
    12-Aug ………. 57,896 14.33 14.04 ………. 14.26 ………. 0.03 ………. Up
    13-Aug ………. 23,760 14.33 14.14 ………. 14.21 ………. -0.05 ………. Down
    14-Aug ………. 57,694 14.44 14.02 ………. 14.42 ………. 0.21 ………. up
    15-Aug ………. 97,394 14.47 14.18 ………. 14.42 ………. 0.00 ………. No change

    CD is still struggling with the selling pressure; we need 3 or 4 days positive closing with high volume to give a clue if the selling pressure is over.

    Early indication can be misleading; stock near the close can still have a sell of on high volume.

    If the day low move to 14.50 and holds for a week, it will increase its support.

    Good Luck!

    Sincerely,

    Carolyn Novice

 
CDNS
20.97+0.04(+0.19%)Jul 31 4:00 PMEDT