Intuit may rise to 737.00 - 763.00

Our pivot point stands at 616.

Our preference

The upside prevails as long as 616 is support.

Alternative scenario

Below 616, expect 575 and 550.

Comment

The RSI is above its neutrality area at 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 600.6965 and 618.5504).

Supports and resistances

787 **

763 *

737 **

712

657.21 (USD-last)

632

616 **

575 *

550 **

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