INTUIT CORP
(INTU-Nasdaq):
Technical Viewpoint: From a high
of $66 1/2 on Dec 31, 1998 prices
declined, reaching a
low of $104 3/4
on Jan 20, 1999. A
rally saw prices pull back, reaching a
high of
$76.56 on Feb 18, 1999.
Another decline saw prices penetrate
support, closing 2/26/99
at $98.94. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Feb 22, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $90.00. Resistance: Is at $104 3/4.
Point & Figure: Reversed to the downside on Feb 26, 1999. A P&F downside
reversal takes place at $94.00. Summary: Technical indicators have turned bearish. SELL! INTUIT CORP
(INTU-Nasdaq) @ $100 1/4 Stop: Use a protective stop of $97 3/8.
INTUIT CORP is currently trading @ $98.94 minus $9 3/8 on Feb 26, 1999. Price Objective:
$138.00. Risk/Reward: $2 7/8 VS. $37 3/4 . Today's Risk Reward Ratio: 13:1
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