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INTUIT INC
(INTU-Nasdaq):
Technical Viewpoint: From a low
of $36.85 on May 6, 2002 prices
rallied, reaching a
high of $44.90
on May 15, 2002. A
decline saw prices pull back, reaching a
low of
$40.61 on May 22, 2002.
Another rally saw prices penetrate
resistance, closing 6/18/02
at $48.34. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 9, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.50. Resistance: Is at $56.31.
Point & Figure: Reversed to the upside on Jun 17, 2002. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! INTUIT INC
(INTU-Nasdaq) @ $48.88 Stop: Use a protective stop of $46.38.
INTUIT INC is currently trading @ $48.34 plus $1.44 on Jun 18, 2002. Price Objective:
$68.00. Risk/Reward: $2.50 VS. $19.12. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$68.00
Risk/Reward:
$2.50 VS. $19.12
Risk/Reward Ratio:
8:1
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