• Return to Headlines

Watch for Intuit Inc to Potentially Pullback After Gaining 1.65% Yesterday

By Nick Russo

Intuit Inc (NASDAQ:INTU) traded in a range yesterday that spanned from a low of $209.95 to a high of $213.17. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $209.79 on volume of 957,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Intuit Inc share prices have moved between a 52-week high of $216.63 and a 52-week low of $130.26 and are now trading 63% above that low price at $212.57 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.69% higher over the past week, respectively.

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