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Recent 52-Week High Exceeded in Shares of Intuit Inc (INTU)

By David Diaz

Intuit Inc (NASDAQ:INTU) traded at a new 52-week high today of $211.49. Approximately 133,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Intuit Inc (NASDAQ:INTU) is currently priced 15.5% above its average consensus analyst price target of $178.50. The stock should discover initial support at its 50-day moving average (MA) of $192.24 and subsequent support at its 200-day MA of $166.80.

Intuit Inc share prices have moved between a 52-week high of $211.49 and a 52-week low of $130.26 and are now trading 62% above that low price at $211.27 per share. The 200-day and 50-day moving averages have moved 0.63% higher and 1.26% higher over the past week, respectively.

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.

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 26.6%. 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