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Autodesk Is Gearing Up for a Pullback

NEW YORK (TheStreet) -- Autodesk (ADSK - Get Report) zoomed to a 9% gain on Friday, the sixth straight session in its winning streak. Shares began to ramp right after the opening bell, and the stock saw its heaviest upside volume in over a year. This powerful move has lifted shares more than 21% over the last six sessions. With heavy resistance beginning to come into play, patient investors can expect a healthy pullback soon.

Back on Oct. 2, Autodesk opened with a downside gap that dropped it to fresh 2015 lows. At the early lows that day, the stock was off more than 35% from its 2015 peak and was in...