• Return to Headlines

Intuit: 52-Week High Recently Eclipsed (INTU)

By Nick Russo

Shares of Intuit (NASDAQ:INTU) traded at a new 52-week high today of $113.69. This new high was reached on below average trading volume as 83,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Intuit share prices have moved between a 52-week high of $113.69 and a 52-week low of $53.38 and are now trading 112% above that low price at $113.38 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.

Based on a current price of $113.38, Intuit is currently 7.5% above its average consensus analyst price target of $104.83. Intuit shares have support at the 50-day moving average (MA) of $101.52 and additional support at the 200-day MA of $96.98.

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 13.6%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Intuit

Ticker(s): INTU