Intuit's most recent trend suggests a bullish bias. One trading opportunity on Intuit is a Bull Put Spread using a strike $95.00 short put and a strike $85.00 long put offers a potential 6.95% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $9.35 would be incurred if the stock dropped below the $85.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Intuit is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Intuit is bullish.
The RSI indicator is at 69.04 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Intuit
Intuit (INTU) Stock Capitalizes on Tax Season
Tue, 01 Mar 2016 19:06:00 GMT
TheStreet – Flashy ads and a free software program are driving big sales of Intuit's TurboTax program and making the company's stock a good defensive play.
How To Really File Your Taxes For Free
Tue, 01 Mar 2016 17:00:00 GMT
Forbes – American taxpayers spend 6.1 billion hours and $31.7 billion complying with tax-filing requirements.
Why Intuit’s Fiscal 2Q16 Earnings Cheered Investors
Tue, 01 Mar 2016 16:23:42 GMT
9 IRS Audit Tips From The Trump Tax Flap
Mon, 29 Feb 2016 13:39:00 GMT
Forbes – There are key tax lessons about IRS audits and statutes of limitation in Trump’s tax return story.
Intuit: An Activist Investment Analysis (INTU)
Sun, 28 Feb 2016 04:13:00 GMT
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