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SmarTrend Watching for Potential Rebound in Shares of Intuit Inc After 1.63% Loss

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.

Intuit Inc share prices have moved between a 52-week high of $231.84 and a 52-week low of $130.26 and are now trading 57% above that low price at $204.26 per share. Over the past week, 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