In a welcome move, Cadence Design Systems saw its Relative Strength Rating rise from 67 to 71 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Cadence Design Systems can continue to rebound and hit that benchmark.
Cadence Design Systems is trying to complete a consolidation with a 326.19 buy point. See if it can break out in heavy trading.
Cadence Design Systems showed 34% EPS growth in its most recent report. Revenue increased 23%.
The company earns the No. 2 rank among its peers in the Computer Software-Design industry group. Autodesk is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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