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Autodesk Bearish Moving Average Crossover Alert (ADSK)

By James Quinn

Autodesk (NASDAQ:ADSK) crossed under its 10-day moving average of $112.59 on a volume of 228K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Autodesk share prices have been bracketed by a low of $41.60 and a high of $114.68 and are now at $112.35, 170% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 1.40% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Autodesk on December 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.17. Since that recommendation, shares of Autodesk have risen 44.6%. We continue to monitor ADSK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Autodesk

Ticker(s): ADSK