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Bullish Moving Average Cross by Autodesk (ADSK)

By Amy Schwartz

Autodesk (NASDAQ:ADSK) shares have crossed bullishly above their 10-day moving average of $97.06 on a volume of 3.8 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Autodesk have traded between a low of $41.60 and a high of $111.33 and are now at $111.29, which is 168% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.

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 22.6%. 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