Earlier this week I talked about a trade opportunity with AutoDesk based on huge option buying volume and overall higher stock turnover. The charts/technicals also portray a solidly bullish condition, and it appears higher prices are ahead.
The breakout seen last Friday is notable, and I would certainly like to see some follow-through, but this has the makings of a big move. I have taken on December calls for this play, as I always like to give a stock some time. My chart is below, along with a link to one from my good friend Jeff York (@mpgtrader), which confirms my position. Jeff will be my special guest during th November 14 webinar; be sure to join us and learn some great lessons in the art of trading!
