Cadence Design (CDNS) shares of the software name are coiling in a tight wedge pattern on top of its monthly value area after it tested near key support of 300 past week and the monthly POC held. Now closing Thursday above value area high at 308 and looking ready to run higher with a looming MACD bull cross that can see shares back to the former high near 325. CDNS still has 475 Feb $290 calls in open interest and a recent opening sale of 900 May $335 calls at $16.70 so could be a potential target up near 335-350 next quarter.