Aspen Technology Forms Potentially Bullish Pattern Ahead of Earnings

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ValueWalk

AspenTech’s weekly chart shows higher lows and lower highs over the past few weeks, ahead of the company’s fiscal first quarter report on Wednesday.Wall Street expects the maker of plant operations and supply chain management software to earn $1.09 per share on revenue of $227.97 million.Emerson Electric’s $6 billion investment helped boost the stock in late 2021 and early 2022 while other tech stumbled.Enterprise software specialist Aspen Technology (NASDAQ:AZPN) has formed a potentially bullish pennant pattern as it pulls back slightly from its October 6 high of $263.59. Q3 2022 hedge fund l…

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