CDNS is shifting sideways after a strong run out of a bottoming formation. The sideways action patterns out some of the speculation and provides support for the stock to move higher.
In this phase 3 the price is over the 30MM. In a 4.39% the price rise to the resistant and 20.44% to the support. Sell.
IBD rating -- Group: 122/197 (#1 in group) EPS: 92 SMR: A PE: 21 Earnings due: 25 Jul 2016