Earnings per share were $1.43, compared to $1.37 expected, while sales was $1.17 billion, compared to $1.148 billion expected. But, for the most part, this is the only good news for investors. The firm has already lost more than 40% of its valuation since the highs of August 25 last year, and the bearish trend on the NASDAQ index does not allow for a recovery. The share price has already reached the level where the paper met the pandemic, which is somewhat more above $200. However, the gap in the chart following the news, as well as the decrease in the US stock market overall, imply that after the excitement of the report, a "hangover" may occur in approximately two to three weeks. Autodesk is definitely going back to $190, but the biggest support point here is $175. After, it can fall to $ 140 per share.
Alfred Bouchard
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since Dec 26, 2019
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Investisseur en Actions / Forex ? Horizon d'Investissement : Long term ? Score de Risque : 4/5 => minimum $5000 (recommended $15000+) => The longer you stay, the better the returns => Stocks/cryptos/forex are volatile on the short term BUT rise on the long term (BE PATIENT)
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Autodesk - the report was the only reason for joy
by Alfred Bouchard | May 31, 2022