SmarTrend identified a Downtrend for Autodesk (NASDAQ:ADSK) on April 23rd, 2012 at $39.33. In approximately 8 months, Autodesk has returned 14.85% as of today's recent price of $33.49.

In the past 52 weeks, shares of Autodesk have traded between a low of $27.70 and a high of $42.69 and are now at $33.49, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Autodesk, Inc. supplies PC software and multimedia tools. The Company's two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk's software products are sold worldwide through a network of dealers and distributors.

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

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