Intuit may fall to 529.00 - 549.00

Our pivot point stands at 689.

Our preference

As long as 689 is resistance look for 549.

Alternative scenario

The upside breakout of 689 would call for 726 and 748.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 638.207 and 637.6804).

Supports and resistances

748 **

726 *

689 **

675

619.85 (USD-last)

570

549 **

529 *

508 **

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