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Autodesk Builds Base Above 200-Day Line.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Nancy Gondo
Autodesk ran up to a new high the week ended Dec. 24 before pulling back over the next five weeks to start the left side of a base. It fell as much as 33% from the left peak to the bottom of the base. Volume was heavy the week of the low point, but the stock closed in the upper half of that week's range, a sign of support. Shares regained 10% the following week and have been shaping the base's bottom the past two months.
The design software maker grew sales and profit more than 20% the past six quarters. Growth is expected to slow a bit the fiscal first quarter ending this month. Its Stock ...
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