Aspen Technology (AZPN) Shares are Up 0.52%

Aspen Technology (AZPN) : Traders are bullish on Aspen Technology (AZPN) as it has outperformed the S&P 500 by a wide margin of 2.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.35%, 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 0.52% in the last 1 week, and is up 1.89% 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 1.83% and the 50-Day Moving Average is 4.96%.The 200 Day SMA reached 21.38%


Aspen Technology (NASDAQ:AZPN): The stock opened in the green at $47.27 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $47.31 and a low of $46.26 for the day. The stock did not find buyers even at the lows and closed at $46.79 recording a loss of -0.45%. 652,622 shares exchanged hands during the trading day. The stock had closed at $46.79 in the previous days trading.

Aspen Technology (AZPN) : Currently there are 2 street experts covering Aspen Technology (AZPN) stock. The most bullish and bearish price target for the stock is $45 and $34 respectively for the short term. The average price target of all the analysts comes to $39.5. The estimated standard deviation from the target is $7.78.

Aspen Technology, Inc. is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance and supply chain planning. The Companys aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. The Company has developed its applications to design and optimize processes across three principal business areas: engineering, manufacturing and supply chain. The Company has three operating segments: license; software maintenance and support (SMS), training and other, and professional services. The Company provides integrated process optimization software solutions designed and developed specifically for the process industries.

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