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INTUIT CORP
(INTU-Nasdaq):
Technical Viewpoint: From a high
of $48.23 on Nov 6, 2003 prices
declined, reaching a
low of $51.06
on Nov 13, 2003. A
rally saw prices pull back, reaching a
high of
$45.68 on Nov 19, 2003.
Another decline saw prices penetrate
support, closing 12/8/03
at $51.80. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Nov 26, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on Dec 8, 2003. A P&F downside
reversal takes place at $50.00. Summary: Technical indicators have turned bearish. SELL! INTUIT CORP
(INTU-Nasdaq) @ $52.13 Stop: Use a protective stop of $49.63.
INTUIT CORP is currently trading @ $51.80 minus $1.65 on Dec 8, 2003. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $8.87. 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:
$61.00
Risk/Reward:
$2.50 VS. $8.87
Risk/Reward Ratio:
3:1
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