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CDNS stock price is on the rise.
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Buyers have persisted in accumulating the stock and are looking to surpass $250.
Cadence Design Systems Inc. (NYSE: CDNS) stock price is trading in the bull trajectory and held at the 100 day EM. Furthermore, the rejection candlestick highlights the bulls’ strength. The chart shows the rising parallel channel and the higher high sequences. CDNS stock price took a calm breath near the 100 day EMA and made a doji candlestick near $230.
CDNS stock price is trading in an uptrend with the chart showing long buildup. Sellers failed to break the swing of $230 and are covering their positions. Per the options chain, at the strike price of $230, open interest of 729 hundred shares on the put side, whereas open interest of 486 hundred shares on the call side (Nasdaq). This option chain suggests that bulls will continue and CDNS stock will surpass $250 soon.
At press time, CDNS stock price is trading at $233.72 with an intrada
We współpracy z: https://www.thecoinrepublic.com/2023/10/31/cdns-stock-price-holds-100-day-ema-will-rally-extend-to-250/
