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Bearish Moving Average Cross by Intuit Inc (INTU)

By Nick Russo

Today, shares of Intuit Inc (NASDAQ:INTU) have fallen below their 10-day MA of $243.03 on a volume of 114K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Intuit Inc share prices have been bracketed by a low of $166.52 and a high of $272.14 and are now at $242.21, 45% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.2% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Intuit Inc and will alert subscribers who have INTU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses intuit inc

Ticker(s): INTU