Autodesk, Inc.
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Autodesk: Rally Off Rounded Base

190
I was watching ADSK before their earnings due to analysts talking about their successful conversion to a cloud based subscription model for their software similar to Adobe, and I found it a compelling story. Waiting to see how the stock reacted to earnings so I didn't bear that risk, it's continuing to look strong with plenty of buying.

The 63 day mid term moving average just crossed over the 200 day long term moving average to have them moving in tandem with the 10 and 20 day short term averages. RSI is striking upward strongly into overbought from the beginning of the month, but it's continuing with a rising accumulation line and holding the way it should with a true rally on a fast moving growth stock with big money flowing inward. ADX is showing a strong trend forming, and MACD is showing a very strong bullish divergence. ADSK is almost recovered from their August drop which was leveled out with an earnings call with this rally catalyzed with another positive earnings call. Longer term is also showing a cup base from this time last year with a handle over the last three months, and I believe that they'll hit new all time highs soon.

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