• Return to Headlines

Intuit Crosses Above its 10-day MA (INTU)

By David Diaz

Today, shares of Intuit (NASDAQ:INTU) have crossed bullishly above their 10-day moving average of $140.39 on a volume of 160K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Intuit share prices have moved between a 52-week high of $143.81 and a 52-week low of $53.38 and are now trading 164% above that low price at $140.75 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Intuit on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $124.45. Since that recommendation, shares of Intuit have risen 12.6%. 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