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Aspen Technology Down 23.6% Since SmarTrend Downtrend Call (AZPN)

By David Diaz

SmarTrend identified a Downtrend for Aspen Technology (NASDAQ:AZPN) on October 3rd, 2018 at $110.21. In approximately 1 month, Aspen Technology has returned 23.56% as of today's recent price of $84.24.

Over the past year, Aspen Technologyhas traded in a range of $0.00 to $118.86 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.21% higher and 2.66% lower over the past week, respectively.

Aspen Technology, Inc. supplies process optimization software products and services. The Company's customers are in energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process. Aspen Technology customers use the products to design and run their plants and manage their supply chains.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Aspen Technology.

Log in and add Aspen Technology (AZPN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights aspen technology

Ticker(s): AZPN