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Long Autodesk (ADSK) at $35.23



August 22, 2012 – Comments (0) | RELATED TICKERS: ADSK

There's a clear resistance area that the stock has managed to break through this morning and you can simply put a stop-loss below the previous higher-low on the daily chart at $33.59. Since late March it has been on a prolonged sell-off, but over the past two months, it has formed a nice base, and today's breakout confirms it's ready to start trending higher again. 

Here's the trade setup in ADSK:

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