The Relative Strength (RS) Rating for Autodesk entered a new percentile Thursday, as it got a lift from 65 to 73.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners often have an 80 or higher RS Rating as they launch their largest price moves. See if Autodesk can continue to show renewed price strength and clear that threshold.
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Autodesk is trying to complete a consolidation with a 235.11 entry. See if it can break out in heavy trade after it also clears the 200-day moving average.
Autodesk posted 36% earnings growth last quarter. Revenue increased 17%.
The company holds the No. 3 rank among its peers in the Computer Software-Design industry group. PDF Solutions is also among the group's highest-rated stocks.
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