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Look for Shares of Intuit Inc to Potentially Rebound after Yesterday's 3.92% Sell Off

By Shiri Gupta

Intuit Inc (NASDAQ:INTU) traded in a range yesterday that spanned from a low of $267.78 to a high of $279.07. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $271.75 on volume of 448,000 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.

Intuit Inc share prices have moved between a 52-week high of $284.97 and a 52-week low of $166.52 and are now trading 61% above that low price at $268.17 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

Keywords: rebounders intuit inc

Ticker(s): INTU