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Shares of Intuit Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Intuit (NASDAQ:INTU) traded today at $143.50, breaking its 52-week high. Approximately 103,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Over the past year, Intuit has traded in a range of $53.38 to $143.50 and is now at $142.75, 167% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Intuit (NASDAQ:INTU) defies analysts with a current price ($142.75) 14.7% above its average consensus price target of $121.80. The stock should discover initial support at its 50-day moving average (MA) of $101.52 and subsequent support at its 200-day MA of $96.98.

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 on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $124.45. Since that recommendation, shares of Intuit have risen 14.7%. 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

Ticker(s): INTU