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Intuit (INTU) signals entry

8/7/2013

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Intuit (INTU) has given a buy signal on the 27th June 2013 with the break of resistance at 59.75 & an entry price of 60.3. The chart shows the stock to be volatile, which is a sign of caution for investors as the stock might move in large price ranges very easily, but at the same time being a high risk stock it might also be a high return investment.

Major resistances, as of now, lie at 63.45 & 66.8. If and when the stock closes above its highest resistance at 66.8 & further remains above it, we might see a continuation of the present trend into a long term rally. Support and stop loss lies at 55.5 as of now.

Support – 55.5

Resistances – 63.45, 66.8

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