Aspen Tech (AZPN) shares of the midcap software name closed at highs Monday and triggered a breakout above monthly value area from a narrow range flag recently formed after a solid back half of 2024 as it rose over 40% since the August lows. AZPN has room to run back to the old 2022 all time highs near 263.50 from here and recently saw an unusual buyer on 11/6 for 350 April $240 calls bought up to $18.40 that remain in open interest. That buy followed news of a takeover bid that AZPN received from EMR in early November for $240/share but now the stock trading well above that so potential for a revised offer going forward.