Monday, December 23, 2013

Shares of Intuit Rise to a New 52-Week High

David Diaz for writes: Intuit (NASDAQ:INTU) traded today at a new 52-week high of $76.42. Approximately 476,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.
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 (NASDAQ:INTU) is currently priced 1.1% above its average consensus analyst price target of $75.56. The stock should find initial support at its 50-day moving average (MA) of $72.26 and further support at its 200-day MA of $65.27.
Intuit share prices have moved between a 52-week high of $76.42 and a 52-week low of $53.38 and are now trading 43% above that low price at $76.36 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%.
SmarTrend recommended that subscribers consider buying shares of Intuit on July 18th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.29. Since that recommendation, shares of Intuit have risen 15.3%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


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