Intuit may rise to 706.00 - 731.00

Our pivot point stands at 588.

Our preference

Our next up target stands at 706.

Alternative scenario

The downside breakout of 588 would call for 548 and 525.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 592.1985 and 616.2536).

Supports and resistances

755 **

731 *

706 **

682

632.15 (USD-last)

603

588 **

548 *

525 **

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