Bullish – ADSK $154.31 – Technology
The bullish DailyPlay we chose for Thursday, March 21st is Autodesk (ADKS). ADSK is part of the Technology Sector (XLK). XLK has rallied 5.18% higher over the past month and its 1m and 6m trend turned bullish on March 11th while breaking above its $72 resistance level.
Autodesk’s 1m and 6m trends turned bullish yesterday and recently broke above its $52 resistance level. With a technical score of 8 (out of 10), ADSK is a bullish stock that will likely continue higher.
As a stop loss, if ADSK was to trade below $150 for multiple days, this would invalidate our analysis and suggest getting out of the trade.