The Relative Strength (RS) Rating for Autodesk entered a new percentile Tuesday, with a rise from 66 to 80.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating of at least 80 as they launch their biggest climbs.
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Autodesk is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could kick off a new climb.
Autodesk posted 36% EPS growth in the latest quarterly report. Revenue increased 17%.
The company earns the No. 4 rank among its peers in the Computer Software-Design industry group. PDF Solutions and Synopsys are also among the group's highest-rated stocks.
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