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Intuit Inc Bullish Moving Average Crossover Alert (INTU)

By David Diaz

Intuit Inc (NASDAQ:INTU) shares have crossed bullishly above their 10-day moving average of $256.21 on a volume of 101K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Intuit Inc have traded between a low of $166.52 and a high of $260.71 and are now at $256.85, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 1.34% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Intuit Inc on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $200.97. Since that recommendation, shares of Intuit Inc have risen 26.3%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses intuit inc

Ticker(s): INTU