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Intuit Crosses Above its 10-day MA (INTU)

By Shiri Gupta

Intuit (NASDAQ:INTU) crossed over its 10-day moving average of $106.58 on a volume of 230K 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 $109.21 and a 52-week low of $53.38 and are now trading 102% above that low price at $107.85 per share. Over the past week, 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 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 6.3%. 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