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Intuit Inc: 52-Week High Recently Eclipsed (INTU)

By David Diaz

Intuit Inc (NASDAQ:INTU) traded at a new 52-week high today of $290.00. Approximately 659,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Intuit Inc (NASDAQ:INTU) defies analysts with a current price ($285.95) 37.6% above its average consensus price target of $178.50. The stock should find initial support at its 50-day moving average (MA) of $271.53 and further support at its 200-day MA of $241.77.

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.

Intuit Inc share prices have moved between a 52-week high of $290.00 and a 52-week low of $166.52 and are now trading 72% above that low price at $285.95 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.

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: 52 week high/lows intuit inc

Ticker(s): INTU