INTUIT CORP
(INTU-Nasdaq):
Technical Viewpoint: From a low
of $33.25 on Dec 26, 2000 prices
rallied, reaching a
high of $43.56
on Dec 28, 2000. A
decline saw prices pull back, reaching a
low of
$31.06 on Jan 8, 2001.
Another rally saw prices penetrate
resistance, closing 2/6/01
at $43.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 6, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.00. Resistance: Is at $56.31.
Point & Figure: Reversed to the upside on Jan 25, 2001. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! Intuit Corp
(INTU-Nasdaq) @ $44.25 Stop: Use a protective stop of $41.75.
Intuit Corp is currently trading @ $43.69 plus $3.63 on Feb 6, 2001. Price Objective:
$65.00. Risk/Reward: $2.50 VS. $20.75. Today's Risk Reward Ratio: 8:1
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