Technical Snapshots for These Application Software Stocks -- Cadence Design Systems, Shopify, Sphere 3D, and Innoviva

NEW YORK, June 9, 2017 /PRNewswire/ --

Pre-market today, DailyStockTracker.com directs reader's attention to the global Application Software space, which is a consolidated industry consisting of ERP, CRM, SCM, and business intelligence and analytics. Under evaluation this morning are: Cadence Design Systems Inc. (NASDAQ: CDNS), Shopify Inc. (NYSE: SHOP), Sphere 3D Corp. (NASDAQ: ANY), and Innoviva Inc. (NASDAQ: INVA). Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:

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Cadence Design Systems 

Shares in San Jose, California headquartered Cadence Design Systems Inc. rose 0.25%, ending Thursday's trading session at $35.44. The stock recorded a trading volume of 1.08 million shares. The Company's shares have gained 7.39% in the last one month, 13.48% over the last three months, and 40.52% on an YTD basis. The stock is trading 8.02% and 24.92% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Cadence Design Systems, which provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide, have a Relative Strength Index (RSI) of 72.63.

On June 06^th, 2017, the Company announced that it plans to demonstrate the latest innovations and solutions in System Design Enablement in booth 107 at the Design Automation Conference from June 18^th, 2017, to June 22^nd, 2017, in Austin, Texas. System and semiconductor developers will see firsthand how the Company addresses design challenges in conjunction with partners and customers. Visit us today and access your complete report on CDNS for free at:

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Shopify 

Ottawa, Canada headquartered Shopify Inc.'s stock climbed 1.91%, closing the day at $98.84 with a total trading volume of 1.40 million shares. The Company's shares have advanced 10.87% in the past month, 58.42% in the previous three months, and 130.56% since the start of this year. The stock is trading 20.87% and 75.77% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Shopify, which provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the US, the UK, Australia, and internationally, have an RSI of 72.11.

On May 23^rd, 2017, research firm Credit Suisse resumed its 'Outperform' rating on the Company's stock, with a target price of $95 per share.

On May 24^th, 2017, Shopify announced the launch of Shop Class, a dynamic and inspiring hands-on workshop for future and existing entrepreneurs to provide resources and expert advice to take the leap and bring their ideas to life, in Canada. Running until mid-September, Shop Class will be making eight stops across Canada: Toronto, Montreal, Halifax, Whitehorse, Vancouver, Calgary, Winnipeg, and Ottawa. The multi-day workshop will feature industry experts to help with everything an entrepreneur needs to know to set up and grow his/her business. The complimentary research report on SHOP can be accessed at:

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Sphere 3D 

On Thursday, shares in Mississauga, Canada headquartered Sphere 3D Corp. recorded a trading volume of 2.33 million shares. The stock ended the day 3.38% lower at $0.12. The Company's shares are trading below their 50-day moving average by 32.68%. Furthermore, shares of Sphere 3D, which provides virtualization technologies and data management solutions in the Americas, Europe, Middle-East, Africa, and Asia/Pacific, have an RSI of 34.72.

On May 15^th, 2017, Sphere 3D announced that it has scheduled a special shareholder's meeting on June 27^th, 2017, at 9:00 am PT in San Jose, California. The Company also announced that its board of directors has adopted a by-law relating to the advance nomination of its directors as well as approved certain amendments to the Company's existing by-law. Register for free on DailyStockTracker.com and download the research report on ANY at:

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Innoviva 

Brisbane, California headquartered Innoviva Inc.'s stock rose 0.49%, finishing yesterday's session at $12.38 with a total trading volume of 395,695 shares. The Company's shares have advanced 7.65% in the last one month and 15.70% on an YTD basis. The stock is trading above its 200-day moving average by 7.85%. Additionally, shares of Innoviva, which engages in the development and commercialization of bio-pharmaceuticals, have an RSI of 49.49. Get free access to your research report on INVA at:

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