Autodesk (ADSK) has risen sharply, recording gains of 14.63% in the past 4 weeks. However, the stock has corrected -1.25% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.78% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.92% and the 50-Day Moving Average is 14.54%.The 200 Day SMA reached 18.67%. Autodesk, Inc. is up 15.92% in the last 3-month period. Year-to-Date the stock performance stands at 11.62%.
Autodesk (NASDAQ:ADSK): After opening at $67.93, the stock dipped to an intraday low of $67.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.48 and the buying power remained strong till the end. The stock closed at $68.01 for the day, a gain of 0.95% for the day session. The total traded volume was 1,114,226. The stocks close on the previous trading day was $67.37.
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.