The Relative Strength (RS) Rating for Autodesk moved up into a higher percentile Tuesday, as it got a lift from 68 to 71.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if Autodesk can continue to rebound and clear that threshold.
Autodesk is trying to complete a consolidation with a 326.62 entry. See if the stock can clear the breakout price in heavy volume. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Taking a look at revenue and profit performance, the company has posted two quarters of increasing earnings growth. Revenue gains have also increased over the same time frame.
The company earns the No. 1 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems and Synopsys are also among the group's highest-rated stocks.
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.
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