41.2% Return Seen to Date on SmarTrend Aspen Technology Call (AZPN)
SmarTrend identified an Uptrend for Aspen Technology (NASDAQ:AZPN) on February 19th, 2016 at $33.24. In approximately 8 months, Aspen Technology has returned 41.21% as of today's recent price of $46.93.
Over the past year, Aspen Technology has traded in a range of $29.25 to $48.08 and is now at $46.93, 60% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.
Aspen Technology, Inc. supplies software products and services for the analysis, design, and automation of process manufacturing facilities. The Company's software and services are used by companies in the chemical, petroleum, pharmaceuticals, pulp and paper, and metals industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Aspen Technology shares.
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