$CDNS under accumulation, approaching buy point

Cadence Design Systems, Inc. (NASDAQ:CDNS)

NASDAQ:CDNS Cadence Design Systems, Inc.

pivotpoints volumestudies ibd50 relativestrength updownratio pocketpivot

$CDNS showing classic signs of being under accumulation, with a six month base, multiple pocket pivots and an up/down ratio of 1.43 - it has an acc/dis rating of A- on IBD and features in the top 50, with a composite rating of 96. Definitely worth keeping on watch for a break over $168.83