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Uptrend Call Working As Autodesk Stock Rises 41.4% (ADSK)

By David Diaz

SmarTrend identified an Uptrend for Autodesk (NASDAQ:ADSK) on December 7th, 2016 at $78.17. In approximately 5 months, Autodesk has returned 41.40% as of today's recent price of $110.53.

Over the past year, Autodesk has traded in a range of $41.60 to $112.18 and is now at $110.53, 166% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.4%.

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 shifts in the trajectory of Autodesk shares.

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

Keywords: spotlights Autodesk

Ticker(s): ADSK