(CDNS) Pivots Trading Plans and Risk Controls

Longer Term Trading Plans for CDNS

• Buy CDNS near 297.98 target 328.13 stop loss @ 297.12 Details

The technical summary data tells us to buy CDNS near 297.98 with an upside target of 328.13. This data also tells us to set a stop loss @ 297.12 to protect against excessive loss in case the stock begins to move against the trade. 297.98 is the first level of support below 320.6 , and by rule, any test of support is a buy signal. In this case, support 297.98 is being tested, a buy signal would exist.

• Short CDNS slightly under 328.13, target 297.98, stop loss @ 329.08 Details

The technical summary data is suggesting a short of CDNS as it gets near 328.13 with a downside target of 297.98. We should have a stop loss in place at 329.08though. 328.13 is the first level of resistance above 320.6, and by rule, any test of resistance is a short signal. In this case, if resistance 328.13 is being tested, a short signal would exist.

Swing Trading Plans for CDNS

• Buy CDNS slightly over 323.07, target 328.13, Stop Loss @ 322.14 Details

If 323.07 begins to break higher, the technical summary data tells us to buy CDNS just slightly over 323.07, with an upside target of 328.13. The data also tells us to set a stop loss @ 322.14 in case the stock turns against the trade. 323.07 is the first level of resistance above 320.6, and by rule, any break above resistance is a buy signal. In this case, 323.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CDNS slightly near 323.07, target 297.98, Stop Loss @ 324. Details

The technical summary data is suggesting a short of CDNS if it tests 323.07 with a downside target of 297.98. We should have a stop loss in place at 324 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 323.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CDNS

• Buy CDNS slightly over 321.1, target 323.07, Stop Loss @ 320.35 Details

If 321.1 begins to break higher, the technical summary data tells us to buy CDNS just slightly over 321.1, with an upside target of 323.07. The data also tells us to set a stop loss @ 320.35 in case the stock turns against the trade. 321.1 is the first level of resistance above 320.6, and by rule, any break above resistance is a buy signal. In this case, 321.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CDNS slightly near 321.1, target 297.98, Stop Loss @ 321.85. Details

The technical summary data is suggesting a short of CDNS if it tests 321.1 with a downside target of 297.98. We should have a stop loss in place at 321.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 321.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Cadence Design Systems Inc. (CDNS) available here: CDNS.

CDNS Ratings for July 13:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	265.23
P2	321.1	323.07	297.98
P3	323.81	332.38	328.13

AI Generated Signals for CDNS

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES