Autodesk (ADSK) : Traders are bullish on Autodesk (ADSK) as it has outperformed the S&P 500 by a wide margin of 6.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.92% in the last 1 week, and is up 6.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.77% and the 50-Day Moving Average is 11.92%.The 200 Day SMA reached 24.93%
Autodesk (NASDAQ:ADSK): After opening at $72.03, the stock dipped to an intraday low of $71.41 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $72.59 and the buying power remained strong till the end. The stock closed at $72.33 for the day, a gain of 1.03% for the day session. The total traded volume was 1,513,358. The stocks close on the previous trading day was $72.33.
Autodesk (ADSK) : The most positive equity analysts on Autodesk (ADSK) expects the shares to touch $81, whereas, the least positive believes that the stock will trade at $45 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $67.64 with an expected fluctuation of $11.89 from the mean.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.