Intuit may rise to 693.00 - 711.00

Our pivot point is at 598.

Our preference

The upside prevails as long as 598 is support.

Alternative scenario

The downside breakout of 598 would call for 568 and 550.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 629.4315 and 623.0674).

Supports and resistances

730 **

711 *

693 **

674

632.84 (USD-last)

611

598 **

568 *

550 **

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