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INTUIT INC
(INTU-Nasdaq):
Technical Viewpoint: From a low
of $43.06 on Oct 7, 2002 prices
rallied, reaching a
high of $53.48
on Oct 23, 2002. A
decline saw prices pull back, reaching a
low of
$48.50 on Oct 29, 2002.
Another rally saw prices penetrate
resistance, closing 11/12/02
at $54.24. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $51.60. Resistance: Is at $55.04.
Point & Figure: Reversed to the upside on Nov 12, 2002. A P&F upside
reversal takes place at $52.50. Summary: Technical indicators have turned bullish. BUY! INTUIT INC
(INTU-Nasdaq) @ $55.13 Stop: Use a protective stop of $52.63.
INTUIT INC is currently trading @ $54.24 plus $2.44 on Nov 12, 2002. Price Objective:
$64.00. Risk/Reward: $2.50 VS. $8.88. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$64.00
Risk/Reward:
$2.50 VS. $8.88
Risk/Reward Ratio:
3:1
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