Cadence Design Systems Hits 80-Plus Relative Strength Rating Benchmark

The Relative Strength (RS) Rating for Cadence Design Systems (CDNS) climbed into a new percentile Friday, with an increase from 78 to 82.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the market’s biggest winners typically have an RS Rating of above 80 in the early stages of their moves.

Looking For Winning Stocks? Try This Simple Routine

Cadence Design Systems is building a flat base with a 168.71 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Cadence Design Systems reported 30% earnings growth in its most recent report, while sales growth came in at 14%.

The company holds the No. 1 rank among its peers in the Computer Software-Design industry group.


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