• Return to Headlines

Autodesk Inc (ADSK) Breaks Through Resistance at $175.44

By Amy Schwartz

Shares of Autodesk Inc (NASDAQ:ADSK) have bullishly opened above the pivot of $171.81 today and have reached the first resistance level of $175.44. Should the shares continue to rise, the resistance pivots of $177.57 and $183.33 will be of interest.

In the past 52 weeks, Autodesk Inc share prices have been bracketed by a low of $117.72 and a high of $178.95 and are now at $173.32, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

Based on a current price of $173.32, Autodesk Inc is currently 15.2% above its average consensus analyst price target of $147.05. The stock should find initial support at its 50-day moving average (MA) of $165.18 and further support at its 200-day MA of $147.25.

SmarTrend is monitoring the recent change of momentum in Autodesk Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Autodesk Inc in search of a potential trend change.

Keywords: pivot alerts autodesk inc

Ticker(s): ADSK