Intuit may rise to 737.00 - 762.00

Our pivot point is at 619.

Our preference

The upside prevails as long as 619 is support.

Alternative scenario

The downside breakout of 619 would call for 578 and 553.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 613.255 and 621.4218).

Supports and resistances

786 **

762 *

737 **

712

659.9 (USD-last)

634

619 **

578 *

553 **

Number of asterisks represents the strength of support and resistance levels.