Cadence Design Systems (CDNS, $264.65) entered Uptrend as Momentum indicator ascends above 0 level on Apr 09, 2025

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CDNS - Cadence Design Systems
Momentum signal
Bullish Trend
83%
Odds of UP Trend
Price: $264.65
Daily change: +$33.01 (+14.25%)
Daily volume: 4.3M
Capitalization: $72.6B
Industry: Packaged Software

This indicator may be signaling that CDNS's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 89 similar cases where CDNS's Momentum Indicator exceeded 0, and 74 of them led to a successful outcome. Odds of Success: 83%.