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Cadence Design Systems Inc : Today’s Research on CDNS, YNDX, INVN, and ENTR

05/03/2013 | 08:00am US/Eastern
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StockCall.com Provides Stock Research on Cadence Design Systems Inc., Yandex N.V., InvenSense Inc., and Entropic Communications Inc.

New York City, New York -- (May 03, 2013)

After finishing higher in April, U.S. equity market began the month of May on a disappointing note as all three benchmark indexes tumbled on Wednesday. However, stocks rebounded sharply yesterday driven by better-than-expected data from labor market. Market participants are now focusing on the crucial non-farm payrolls data which is due to be released on Friday. If the data beats expectations, the rally in equity markets could continue. The technology sector was among the major gainers in the S&P 500 on Thursday, closing 1.16% higher. Among the major gainers in this sector were Cadence Design Systems Inc. (NASDAQ: CDNS), Yandex N.V. (NASDAQ: YNDX), InvenSense Inc. (NYSE: INVN), and Entropic Communications Inc. (NASDAQ: ENTR). StockCall professionals have completed their technical analysis on CDNS, YNDX, INVN, and ENTR and these free reports are accessible by registering at

www.stockcall.com/research

Shares of Cadence Design Systems Inc. edged higher in trading on Thursday. The stock closed 0.73% higher at $13.82 on volume of 1.38 million after touching an intra-day high of $13.88. Cadence?s shares have traded sideways this week after posting gains of over 10% last Friday. The stock is still trading above its 50-day and 200-day moving averages which is a bullish signal. The positive trend is further confirmed by the stock?s MACD chart. The company?s shares are currently facing resistance at around $14. Sign up for the free technical research on CDNS at

www.StockCall.com/CDNS050313.pdf

Another major gainer in the technology sector yesterday was Yandex N.V. Shares of the internet company rose 1.97% to finish the day at $25.86 on volume of 1.84 million. The stock touched a 52-week high of $25.97 on Thursday. Shares of YNDX have now gained more than 28% in the last five trading sessions. The recent gains have meant that the stock is now up more than 20% so far this year, outperforming the S&P 500. Yandex?s shares have also broken through some key technical levels during the recent rally. The stock?s MACD chart suggests that market is still bullish. Be sure to read our latest technical research on YNDX by registering at

www.StockCall.com/YNDX050313.pdf

Shares of InvenSense Inc. edged higher in trading on Thursday. The stock traded between $9.13 and $9.41 before finishing the day 2.08% higher at $9.31 on above average volume of 2.43 million. InvenSense?s shares have struggled over the last two months. The stock has seen a series of lows since mid-February. However, yesterday?s sharp rise on substantial volume suggests that the stock has bottomed out. The stock?s MACD has crossed above the signal line which further confirms that the bearish trend has come to an end. Sign up and read the complimentary report on INVN at

www.StockCall.com/INVN050313.pdf

Shares of Entropic Communications Inc. edged higher on Thursday, paring some of the losses from earlier in the week. The stock closed 1.88% higher at $3.79 on above average volume of 946,460. However, the stock is still down nearly 10% in the last three trading sessions. Year-to-date, the company?s shares have fallen more than 28.30%. The stock is currently trading nearly 43% below its 52-week high. Shares of the company are also trading below its 50-day and 200-day moving averages. The free report on ENTR can be downloaded by signing up now at

www.StockCall.com/ENTR050313.pdf

About StockCall.com

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