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Bullish Moving Average Cross by Intuit (INTU)

By Shiri Gupta

Today, shares of Intuit (NASDAQ:INTU) have crossed bullishly above their 10-day moving average of $107.48 on a volume of 154K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Intuit share prices have been bracketed by a low of $53.38 and a high of $116.97 and are now at $108.03, 102% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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

Keywords: moving crosses Intuit

Ticker(s): INTU