Autodesk Inc. (ADSK) slips after gap-down opening

By Mark Moneymaster
November 18, 2009 1:46 PM

Symbols: ADSK

Posted in: Short Ideas, Technicals, Movers, Trading Ideas

IT services company, Autodesk (NASDAQ: ADSK) got hammered by early afternoon trades, as Autodesk Inc. (ADSK) projected lower than anticipated Q4 revenues as well as profits.

Autodesk Inc. (ADSK) has had already slipped to $24 from $27, after breaching 20 days and 50 days MA from top, confirming a bearish trend in stock.

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Autodesk Inc. (ADSK) slips after gap-down opening

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