Upgrade Alert for Intuit (INTU)
Intuit (NASDAQ:INTU) was upgraded from Buy to Conviction Buy at Goldman Sachs today. The stock closed yesterday at $108.95 on volume of 1.4 million shares, above average daily volume of 1.2 million.
Intuit (NASDAQ:INTU) is currently priced 3.8% above its average consensus analyst price target of $104.83. Intuit shares have support at the 50-day moving average (MA) of $101.52 and additional support at the 200-day MA of $96.98.
In the past 52 weeks, shares of Intuit have traded between a low of $53.38 and a high of $109.21 and closed yesterday at $108.95, which is 104% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.
Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.
SmarTrend recommended that subscribers consider buying shares of Intuit on March 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.69. Since that recommendation, shares of Intuit have risen 6.8%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades Intuit