Autodesk (ADSK) Offering Possible 31.58% Return Over the Next 21 Calendar Days

Autodesk's most recent trend suggests a bullish bias. One trading opportunity on Autodesk is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 31.58% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $170.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Autodesk is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Autodesk is bullish.

The RSI indicator is at 71.6 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Autodesk

Were Hedge Funds Right About Piling Into Autodesk, Inc. (ADSK)?
Wed, 22 Apr 2020 19:03:11 +0000
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Autodesk invests in this startup to delve deeper into proptech
Wed, 15 Apr 2020 15:09:17 +0000
The minority investment stake gives Autodesk greater access to working with companies that build roads, bridges, airports and water facilities.

Autodesk invests in public infrastructure software firm
Tue, 14 Apr 2020 13:04:20 +0000
San Rafael, California-based Autodesk said it would invest in Aurigo Software, which sells cloud-based software to governments, water authorities, airports and others that build large projects. Autodesk is the biggest maker of software for designing three-dimensional objects ranging from automotive parts to skyscrapers. Autodesk has been seeking to expand deeper into infrastructure projects, where its tools are used to design and engineer structures.

Autodesk Invests in Aurigo Software to Bolster Construction Technology Offering for Owners
Tue, 14 Apr 2020 13:00:00 +0000
Aurigo Software and Autodesk, Inc. (NASDAQ: ADSK) today announced an alliance to develop the most comprehensive set of cloud-based solutions for public and private owners. Aurigo will integrate with Autodesk Construction Cloud, a powerful portfolio of construction management software and services, soon giving owners a single end-to-end technology platform for design, planning, construction and operations of infrastructure and private assets. As part of the alliance, Autodesk will acquire a minority stake in privately-held Aurigo.

Is There An Opportunity With Autodesk, Inc.'s (NASDAQ:ADSK) 23% Undervaluation?
Tue, 07 Apr 2020 10:05:54 +0000
How far off is Autodesk, Inc. (NASDAQ:ADSK) from its intrinsic value? Using the most recent financial data, we'll take…

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