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Upgrade Alert for Autodesk (ADSK)
[January 30, 2013]

Upgrade Alert for Autodesk (ADSK)

Jan 30, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Autodesk (NASDAQ:ADSK) was upgraded from Neutral to Outperform at Wedbush today. The stock closed yesterday at $38.86 on volume of 2.6 million shares, above average daily volume of 2.5 million. Based on a current price of $38.86, Autodesk is currently 3.1% above its average consensus analyst price target of $37.64. Autodesk shares have support at the 50-day moving average (MA) of $34.97 and additional support at the 200-day MA of $34.01.

In the past 52 weeks, Autodesk share prices have been bracketed by a low of $27.70 and a high of $42.69 and closed yesterday at $38.86, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

Autodesk, Inc. supplies PC software and multimedia tools. The Company's two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk's software products are sold worldwide through a network of dealers and distributors.

SmarTrend recommended that subscribers consider buying shares of Autodesk on December 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.35. Since that recommendation, shares of Autodesk have risen 6.9%. We continue to monitor ADSK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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