Autodesk (ADSK) Offering Possible 9.17% Return Over the Next 9 Calendar Days

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Autodesk’s most recent trend suggests a bearish bias. One trading opportunity on Autodesk is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 9.17% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $9.16 would be incurred if the stock rose above the $165.00 long call strike price.

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

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

The RSI indicator is at 71.06 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Autodesk

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On September 7, IBM (IBM) struck a deal with Sally Beauty, the world’s leading retailer and distributor of beauty supplies. IBM iX, which helps clients implement digital business platforms, is expected to assist Sally Beauty in transforming its business. IBM’s global consulting firm, Bluewolf, plans to work jointly with IBM iX to support Sally Beauty’s digital business concept. Bluewolf also serves T-Mobile (TMUS) and Autodesk (ADSK).

Edited Transcript of ADSK earnings conference call or presentation 23-Aug-18 9:00pm GMT
Thu, 06 Sep 2018 18:22:30 +0000
Q2 2019 Autodesk Inc Earnings Call

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Cramer apologizes for his Autodesk call: It was ‘a huge m…
Tue, 04 Sep 2018 23:16:00 +0000
Jim Cramer admits he misjudged the stock of Autodesk and issues apologies to the company’s management and investors.

Cramer says Autodesk call ‘a huge mistake’
Tue, 04 Sep 2018 23:09:00 +0000
Jim Cramer admits he misjudged the stock of Autodesk and issues apologies to the company’s management and investors.

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