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Bullish Moving Average Cross by Intuit (INTU)

By David Diaz

Intuit (NASDAQ:INTU) crossed over its 10-day moving average of $103.36 on a volume of 150K shares. Swing traders may find an opportunity 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 $109.21 and are now at $103.60, 94% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Intuit on March 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.69. Since that recommendation, shares of Intuit have risen 3.1%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Intuit

Ticker(s): INTU