ANSS Remains on Powerful ‘Buy’ Signal

Yesterday, we looked at a Daily Price Chart of Merck & Co., Inc. and noted that the stock had been making a series of higher highs and higher lows.

Today’s Chart of the Day is a Daily Price Chart for ANSYS, Inc. (NYSE: ANSS).

ANSYS, Inc. develops and markets engineering simulation software and services worldwide.

Now, below is a Daily Price Chart for ANSYS, Inc.

ANSYS on Powerful PowerTrend 'Buy' Signal

Back in February 2019, the ANSS 1-Month moving-average crossed above the 10-Month simple moving-average (SMA) indicating ANSS is on a PowerTrend ‘buy’ signal (circled).

And since then… prices have only continued to climb, never retracing below the 10-Month SMA.

Now, as you can see, the 1-Month moving-average is still above the 10-Month SMA. That means the bullish trend is still in play!

As long as the 1-Month Price remains above the 10-Month SMA, the stock is more likely to keep trading at new highs in the coming days and weeks.

Maximizing Our Profit Potential

On August 5th 2019, the ANSS stock price had a significant pullback after the stock was overbought for most of the month of July.

If you had purchased ANSS shares on this date, you would currently be up 34.98% on the stock.

Not a bad profit for a five-month-hold of a software technology company.

But…if you had purchased the right option contract on August 5th, you would currently be up 303.91%.

That’s after only one trade!

That is the power of options – and exactly the kind of opportunities we seek and find in our premium trading service, PowerTrend Options. Up to twice a week, subscribers get trades in their inbox just like this one – it’s how we’ve curated a 100% successful open portfolio.

We’ll be keeping our eye on this stock as it continues to trend upward so we’ll know the moment the market conditions shift and the stock begins to come back down presenting another prime buying opportunity.

Best Regards,

Chuck Hughes
Editor, Chart Of The Day

Chuck Hughes

Written By Chuck Hughes

Before Chuck Hughes won 10 Trading Championships, he was an accomplished Air Force pilot. In fact, he credits his success as a stock and options trader to his disciplined upbringing and career. When he was deciding between a career in the Navy and a career in the Air Force, the Navy told him he’d only have a 33% chance of flying jets. The Air Force gave him 100%. He liked those odds better. 35 years ago, Chuck had a wife, a young daughter, a son on the way, and a huge mortgage to afford. He didn’t want to give up on his lifelong dream and stop flying for a major commercial airline. He knew he needed to supplement his income during the 15 days a month he wasn’t flying. So he used his experience in discipline and math, and his understanding of finance and the stock markets (which he’d always been interested in,) and opened a $4,600 trading account. He made over $460,000 in profits his first two years of trading, and he hasn’t looked back since. When he was diagnosed with Meniere’s disease 15 years later, which commonly leads to vertigo…He knew his career as a pilot wouldn’t last much longer with those odds. But he didn’t have to scurry to find another gig, or panic about how his family would eat… He’d spent the last 15 years perfecting his system and raking in cash. As an options trader, Chuck does not let his emotions get in the way of his trading strategy. He adheres to disciplined and methodical options and stock trades. Because he respects the options game so highly, and understands the true freedom that financial solvency can bring, Chuck was able to design and refine his system and win those 10 Trading Championships. Put simply, Chuck Hughes’ trading strategies work, and in all types of market conditions. They’ve worked throughout the bull, bear, and flat markets America has seen in the last 30 years. Chuck Hughes has spent that time building a reputation as one of the most trustworthy options traders in the industry. His publishing group Legacy Publishing LLC was one of the few trading groups on the planet to have correctly predicted and profited from the 2008 financial crash .As a published author 16 times over, a 10-time Trading Championship winner, and an options-trading teacher for 25 years, he’s learned to trade and teach without an ego.