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Intuit Inc: 52-Week High Recently Eclipsed (INTU)

By Nick Russo

Shares of Intuit Inc (NASDAQ:INTU) traded today at $210.13, breaking its 52-week high. Approximately 134,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Over the past year, Intuit Inc has traded in a range of $130.26 to $210.13 and is now at $209.35, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.6%.

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.

Intuit Inc (NASDAQ:INTU) is currently priced 14.7% above its average consensus analyst price target of $178.50. The stock should discover initial support at its 50-day moving average (MA) of $189.12 and subsequent support at its 200-day MA of $165.40.

SmarTrend recommended that subscribers consider buying shares of Intuit Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $166.35. Since that recommendation, shares of Intuit Inc have risen 24.9%. 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 inc

Ticker(s): INTU