heikoscreens
Oct 1, 6:44 PM
$SNPS up ~12% after Investor Day: 2027 targets of up to 11.2 billion USD revenue (~15% growth) vs ~11.0B consensus, plus ~3.1B free cash flow.
$CDNS dragged along ~+5%.
My screeners show a messier picture than the headline:
- Momentum alignment flipped to a buy on Sept 30, the day before the event
- Volume ~2.8x the 20-day average
- RSI ~74, so reversal watch now flags it as short-term stretched
- Death cross still active, 50-day ~9% below the 200-day
- Still ~10% under the 539 52w high, only ~+3% over 1 year, P/E ~73
CDNS only carries a death cross (since Sept 18, 50-day ~2% below the 200-day), so that one looks like sympathy so far.
No position. Can a guidance beat repair a broken trend at 70x earnings, or does this gap fade like most?
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