In trading on Monday, shares of Cadence Design Systems Inc (Symbol: CDNS) crossed below their 200 day moving average of $19.01, changing hands as low as $18.13 per share. Cadence Design Systems Inc shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of CDNS shares, versus its 200 day moving average:
Looking at the chart above, CDNS’s low point in its 52 week range is $15.50 per share, with $21.86 as the 52 week high point – that compares with a last trade of $19.17. According to the ETF Finder at ETF Channel, CDNS makes up 2.23% of the PowerShares DWA Technology Momentum Portfolio ETF (Symbol: PTF) which is trading lower by about 3% on the day Monday.