Shares of Autodesk Inc (ADSK) attracted strong buying support, jumped more than 7 percents on more than double the daily average volume to 41.24 – a new 2-year high. This is bullish from a technical perspective. In fact, as the chart below indicated, the stock could climb above 50 and test the late 2007 high after breaking out from the so-called bullish flag pattern. Just so that you know, initially profiled in our October 30, 2009 “Swing Trader Bulletin” ADSK had gained nearly 60% and remained well position.
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