Autodesk, Inc. (ADSK) in Focus: Stock Jumps 5.3% – Tale of the Tape

March 2, 2015 Technicals 0

Zacks

Autodesk, Inc. (ADSK) was a big mover last session, as the company saw its shares rise over 5% on the day after it posted encouraging fourth-quarter results wherein both earnings and revenue topped estimates. This led to far more shares changing hands than in a normal session resulting in solid volume. This also continues the recent uptrend for the company as the stock is now up 18.94% in the past one-month time frame.

None of the estimates for this technical & system software stock were revised over the past 30 days. The Zacks Consensus Estimate however moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Autodesk currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is The Descartes Systems Group Inc (DSGX), sporting a Zacks Rank #1 (Strong Buy).

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