Autodesk Upward Momentum Looks to Continue (ADSK)
SmarTrend identified an Uptrend for Autodesk (NASDAQ: ADSK) on February 17, 2010 at $25.71. In approximately 3 weeks, Autodesk has returned 13.5% as of today's recent price of $29.18.
Autodesk is currently above its 50-day moving average of $25.57 and above its 200-day moving average of $23.67. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Autodesk shares.
Write to Chip Brian at cbrian@tradethetrend.com
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