Autodesk stock had its Relative Strength (RS) Rating upgraded from 65 to 74 Wednesday — a welcome improvement, but still shy of the 80 or higher score you look for.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Autodesk stock can continue to rebound and hit that benchmark.
Is Autodesk Stock A Buy?
Autodesk stock is building a consolidation with a 326.62 entry. See if it can clear the breakout price in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
Earnings grew 10% last quarter, up from 5% in the prior report. Revenue also increased, from 11% to 12%.
Autodesk stock holds the No. 2 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems is the No. 1-ranked stock within the group.
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