Autodesk stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 76 to 83.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest climbs.
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Is Autodesk Stock A Buy?
Autodesk stock is trying to complete a flat base with a 326.62 buy point. See if the computer software stock 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 are less likely to work.
The 3D design and engineering solutions software company posted 5% earnings growth last quarter. Sales gains came in at 11%. The next quarterly numbers are expected on or around Feb. 27.
Autodesk stock earns the No. 2 rank among its peers in the Computer Software-Design industry group. Altair Engineering Cl A is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
