|
INTUIT INC
(INTC-Nasdaq):
Technical Viewpoint: From a low
of $45.94 on Dec 31, 2002 prices
rallied, reaching a
high of $51.78
on Jan 15, 2003. A
decline saw prices pull back, reaching a
low of
$40.05 on Feb 4, 2003.
Another rally saw prices penetrate
resistance, closing 2/28/03
at $47.63. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 13, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $43.75. Resistance: Is at $49.50.
Point & Figure: Reversed to the upside on Feb 18, 2003. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! INTUIT INC
(INTC-Nasdaq) @ $47.63 Stop: Use a protective stop of $45.63.
INTUIT INC is currently trading @ $47.63 plus $1.50 on Feb 28, 2003. Price Objective:
$59.00. Risk/Reward: $2.00 VS. $11.38. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.00
Risk/Reward:
$2.00 VS. $11.38
Risk/Reward Ratio:
6:1
|
