Ansys

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Ansys ( ANSS) develops and globally markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense. This stock is trading up 2.1% at $63.01 in recent trading.

Today's Volume: 509,000

Average Volume: 450,063

Volume % Change: 99%

From a technical perspective, ANSS moving modestly higher here on above average volume. Traders should now look for long-biased trades in ANSS if it can sustain a move or close back above its 50-day moving average of $64.42 with high volume.

Look for volume on that move that's near or well above 450,063 shares. If we get that action soon, then this stock has a great chance of re-testing its May high of $69.34 in the near future.

I would simply avoid any long trades in this stock as long as it's trending below its 50-day moving average.

Ansys shows up on a list of 15 Apple-Like Stocks That Could Bear Similar Fruit.

If you liked this article you might like

5 Earnings Short-Squeeze Plays: Twitter, Sarepta Therapeutics Included

Obamacare Repeal Takes Another Step but GOP Showdown Looms

Health Care Investors Attempt to Parse Trump Budget

Finding the Bullish and Bearish Reversals

Leveling the Playing Field for Investors: Cramer's 'Mad Money' Recap (Friday 2/3/17)