NEW BULLISH Plays
Autodesk Inc. - ADSK - close: 37.33 change: +0.60
Stop Loss: 35.95
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 17, 2012
Time Frame: Exit prior to earnings in late February
Average Daily Volume = 1.9 million
New Positions: Yes, see below
Why We Like It:
Shares of this CAD software company have been trending higher. Except ADSK ran into resistance at the $37.00 level. Now after a few weeks consolidating beneath $37.00 the stock is finally breaking out.
I am suggesting new bullish positions at the open tomorrow. We'll use a stop loss at $35.95. Our initial target is $39.90.
Suggested Position: buy ADSK stock @ (the open)