Autodesk, Inc. (ADSK) Enters Overbought Territory - Tale of the Tape
Autodesk, Inc. ( ADSK ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ADSK is now in overbought territory with an RSI value of 70.95. Furthermore, estimates for the Autodesk, Inc. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
AUTODESK INC (ADSK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research