Cadence Rises 27% in a Month: How Should You Play the Stock?

Cadence Design Systems (CDNS) stock surged 27.3% in the past month, outperforming the Computer-Software industry, the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 25.3%, 22.6% and 15.3%, respectively.Price PerformanceImage Source: Zacks Investment ResearchThe trigger has been the company’s stellar first-quarter results, with the stock gaining 12% since April 28. The stock closed last trading session at $320.30 and is now much closer to its 52-week high of$328.99. So, the quest ...