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Look for Shares of Intuit Inc to Potentially Pullback after Yesterday's 1.80% Rise

By Shiri Gupta

Intuit Inc (NASDAQ:INTU) traded in a range yesterday that spanned from a low of $172.74 to a high of $175.24. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $174.66 on volume of 254,000 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, shares of Intuit Inc have traded between a low of $103.03 and a high of $179.30 and are now at $174.98, which is 70% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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 3.4%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders intuit inc

Ticker(s): INTU