Trading Ideas That Paid – ADSK

Shares of Autodesk Inc (ADSK) outperformed the major indexes on Friday trading session, jumped 5.7% on about double the daily average volume to 42.75. This is bullish from a technical perspective. In fact, as the chart below indicated, the stock should follow the so-called trend channel higher, heading toward the 3-year high. Just so that you know, initially profiled in our October 29, 2009 “Swing Trader BulletinADSK had gained about 65 percents and remained well position.

The graphics below are from our “U.S. Market ETF Trading Map”, which shows the near-term technical bias for ADSK and the S&P 500 index. As shown, the underlying is in a short-term bullish trend when the price bars are in green. The underlying is in a short-term bearish trend when the price bars are in red. And yellow bars identify period of neutral or sideways trading pattern.
Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).

Chart 1.1 – Autodesk Inc (daily)

Click here to read a detail technical analysis.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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