Aspen Tech Aiming Higher. I know very little about this firm but as a technical play, this is awesome. It does look like the final leg up but some good money yet to be made.
AZPN trade ideas
AZPN from inclined to horizontal resistanceSignals:
1-bottons
2-trend (rising channel)
3-proved flags
Buy 43.00
Stop 41.02 (-1 tic of flag's low)
Target 48.00
Risk\return ratio 1:2.5
Bullish technicals with support at $41.67$AZPN put in a higher high and a higher low today despite the overall softness in the market. It is also coming off its trend line support as well as breaking back above the 0.764 fib and the 20 day moving average. Finally the RSI is not overbought and the ADX remains very strong indicating that the trend remains in tact and is unlikely to reverse.
