INTU has a strong history of growing dividends since 2011. This pullback, with the market, is still holding its 200dma. The long-term uptrend is still intact.
Disclosure: long INTU
Strong upward trend with high momentum.
Price is consolitating, however, buyers seem to be strong (i.a. recent downward candlestick has deep lower shadow). Therefore speculating on upward break with strong momentum.
If price does come back to 119.50 a long position will be taken.
The “Bullish Harami Cross” implies that the buyers are in control, Stock is trading firmly above the 20-day and 40-day MA lines, A buy signal appears in the MACD indicator, Potential uptrend above the 50 pts on the 14-day RSI indicator: Price may break above the USD220.
- Days ago Intuit has a new CEO and weathered a significant org change without the stock taking a hit
- Resistance ~$217
- Break above resistance could push the stock into new highs
![INTU: [INTU] phase 3](https://s3.tradingview.com/4/4ELyp5Cc_mid.png "[INTU] phase 3")
