Is Autodesk, Inc. (adsk) Ready To Fly?

Discussion in 'Investment Charts' started by Chartman, Aug 26, 2018.

  1. Chartman

    Chartman Senior Investor

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  2. Buyonthedips

    Buyonthedips Senior Investor

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    Regular subscriptions are the key to excellent cashflow:-

    "Overall, 290,000 new subscribers joined Autodesk's plans over the past three months, representing a gain of more than 10%, and the company specifically said that its initiative to get its existing maintenance subscribers to switch to the product subscription plan succeeded in getting more than 117,000 customers to switch."
     
  3. Chartman

    Chartman Senior Investor

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    I am watching this one closely - hope to see a pull back from an over bought position and then it will be time to start loading up. Subscription income is the Holy Grail of business - makes planning ahead so much easier and reduces lumpy cashflow.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Might see this one go a bit higher yet before there is a consoldiation - but surely some form of profit taking/fall back must happen fairly soon?
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like the profit taking is starting to kick in after the sudden jump over the last few days. No need to panic if you hold the shares, looks like a classic partial retracement after which the shares will consolidate and make a new push to new highs.
     
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