Intuit may rise to 695.00 - 711.00

Our pivot point is at 615.

Our preference

As long as 615 is support look for 695.

Alternative scenario

The downside breakout of 615 would call for 588 and 572.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (647.6055) but above its 50 day moving average (625.9156).

Supports and resistances

728 **

711 *

695 **

679

644.52 (USD-last)

625

615 **

588 *

572 **

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