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Intuit Inc Set to Possibly Pullback After Yesterday's Rally of 1.75%

By Shiri Gupta

Intuit Inc (NASDAQ:INTU) traded in a range yesterday that spanned from a low of $262.36 to a high of $268.81. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $268.10 on volume of 297,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Intuit Inc share prices have been bracketed by a low of $166.52 and a high of $295.77 and are now at $268.61, 61% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.4%.

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

Keywords: rebounders intuit inc

Ticker(s): INTU