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Watch for Continued Gains in Shares of Intuit Inc (INTU)

By James Quinn

Shares of Intuit Inc (NASDAQ:INTU) traded at a new 52-week high today of $257.91. Approximately 534,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

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 30.5% above its average consensus analyst price target of $178.50. The stock should find initial support at its 50-day moving average (MA) of $225.42 and further support at its 200-day MA of $214.27.

In the past 52 weeks, shares of Intuit Inc have traded between a low of $150.43 and a high of $257.91 and are now at $256.97, which is 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has risen 0.5%.

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 27.8%. 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