In a welcome move, Autodesk saw its Relative Strength Rating rise from 68 to 72 on Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Autodesk can continue to rebound and hit that benchmark.
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While now is not an ideal time to invest, see if the stock manages to form a base and break out. It gapped down on earnings, but has since regained most of that loss.
ADSK Earnings
In terms of fundamental health, the company has posted two quarters of increasing earnings growth. Sales growth has also increased during the same period.
The company holds the No. 4 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems and Altair Engineering Cl A are also among the group's highest-rated stocks.
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