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Autodesk Crosses Below its 10-day MA (ADSK)

By David Diaz

Today, shares of Autodesk (NASDAQ:ADSK) have crossed bearishly below their 10-day moving average of $60.10 on a volume of 350K shares. This may provide short-term investors a chance 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 $59.95, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Autodesk on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.49. Since that recommendation, shares of Autodesk have risen 29.3%. 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