I got a Buy Signal on CADENCE DESIGN SY, symbol (CDNS) at 10.23 on 2/1/2008 Price and moving averages:CADENCE DESIGN SY, symbol (CDNS), has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term. Bollinger Bands:CADENCE DESIGN SY, symbol (CDNS), has closed below the lower band by 184.0%%. This combined with the steep downtrend can suggest that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 17.8%% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.This commentary is not a recommendation to buy or sell. This is a commentary about a trade I made. Fundamentals:I also like that CADENCE DESIGN SY has an EPS of 0.753 which is and indication of profitability and not a very high dillution. The company is growing, as shown by a PEG (price/earnings growth) of 0.9.This should be a tradable stock.
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Last update : 01-02-2008 07:07
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