Autodesk Bearish Moving Average Crossover Alert (ADSK)
Today, shares of Autodesk (NASDAQ:ADSK) have fallen below their 10-day MA of $58.09 on a volume of 174K 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 $65.78 and are now at $57.63, 39% 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 is monitoring the recent change of momentum in Autodesk. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Autodesk in search of a potential trend change.
Keywords: moving crosses Autodesk