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Look for Shares of Intuit Inc to Potentially Rebound after Yesterday's 1.63% Sell Off

By Amy Schwartz

Intuit Inc (NASDAQ:INTU) traded in a range yesterday that spanned from a low of $199.40 to a high of $206.34. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $205.40 on volume of 606,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Intuit Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intuit Inc in search of a potential trend change.

In the past 52 weeks, Intuit Inc share prices have been bracketed by a low of $130.26 and a high of $231.84 and are now at $204.26, 57% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

Keywords: rebounders intuit inc

Ticker(s): INTU