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Intuit Crosses Below its 10-day MA (INTU)

By David Diaz

Today, shares of Intuit (NASDAQ:INTU) have fallen below their 10-day MA of $102.22 on a volume of 177K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $101.58, 90% 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 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 3.0%. 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