Tue, Nov 25, 2014, 11:17 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Intuit, Inc. (INTU) Message Board

  • thosehayden thosehayden Nov 27, 2005 4:19 PM Flag

    My Elementary Technical Analysis

    In 2002 the high was $55 in Nov. and then it sold off.

    In 2003 the high was $54 in Dec. and then it sold off.

    Looking back in time, Nov. and Dec have many times been a temporary high and then it has sold off in Jan - March.

    Until we really break above $55 its hard to get real bullish at these levels.

    It's also hard to argue against the seasonality of this stock. It just tops out in Nov. and Dec., sells off and then starts Rallying in April. I don't know why this time it would be any different.

    Before people begin jumping up and down, I'm just presenting facts that anyone can see by looking at a ten year history of the stock.

    As Gary B Smith would say, I would like to see it clear the resistance, and buy the strength. Until it clears the resistance putting fresh cash to work @ $54 doesn't seem like a good risk reward trade.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
92.66-0.01(-0.01%)Nov 25 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.