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Intuit Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of Intuit (NASDAQ:INTU) traded at a new 52-week high today of $130.10. This new high was reached on below average trading volume as 336,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

In the past 52 weeks, Intuit share prices have been bracketed by a low of $53.38 and a high of $130.10 and are now at $128.22, 140% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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 (NASDAQ:INTU) is currently priced 5.0% above its average consensus analyst price target of $121.80. The stock should find initial support at its 50-day moving average (MA) of $101.52 and further support at its 200-day MA of $96.98.

SmarTrend is tracking the current trend status for Intuit and will alert subscribers who have INTU in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Intuit

Ticker(s): INTU