Trading Intuit $INTU With Integrated Risk Controls
May 11, 2023, 02:30 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INTU
- Buy INTU slightly over 384.82 target 437.30 stop loss @ 383.71 Details
The technical summary data tells us to buy INTU near 384.82 with an upside target of 437.30. This data also tells us to set a stop loss @ 383.71 to protect against excessive loss in case the stock begins to move against the trade. 384.82 is the first level of support below 431.52 , and by rule, any test of support is a buy signal. In this case, support 384.82 is being tested, a buy signal would exist.
- Short INTU slightly under 437.30, target 384.82, stop loss @ 438.56 Details
The technical summary data is suggesting a short of INTU as it gets near 437.30 with a downside target of 384.82. We should have a stop loss in place at 438.56though. 437.30 is the first level of resistance above 431.52, and by rule, any test of resistance is a short signal. In this case, if resistance 437.30 is being tested, a short signal would exist.
Swing Trading Plans for INTU
- Buy INTU slightly over 437.30, target 438.97, Stop Loss @ 436.04 Details
If 437.30 begins to break higher, the technical summary data tells us to buy INTU just slightly over 437.30, with an upside target of 438.97. The data also tells us to set a stop loss @ 436.04 in case the stock turns against the trade. 437.30 is the first level of resistance above 431.52, and by rule, any break above resistance is a buy signal. In this case, 437.30, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short INTU slightly near 437.30, target 419.66, Stop Loss @ 438.56. Details
The technical summary data is suggesting a short of INTU if it tests 437.30 with a downside target of 419.66. We should have a stop loss in place at 438.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 437.30, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for INTU
- Buy INTU slightly over 437.30, target 438.97, Stop Loss @ 436.28 Details
If 437.30 begins to break higher, the technical summary data tells us to buy INTU just slightly over 437.30, with an upside target of 438.97. The data also tells us to set a stop loss @ 436.28 in case the stock turns against the trade. 437.30 is the first level of resistance above 431.52, and by rule, any break above resistance is a buy signal. In this case, 437.30, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short INTU slightly near 437.30, target 430.00, Stop Loss @ 438.32. Details
The technical summary data is suggesting a short of INTU if it tests 437.30 with a downside target of 430.00. We should have a stop loss in place at 438.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 437.30, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Intuit (INTU) available here: INTU.
INTU Ratings for May 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
331.36 |
| P2 |
421.10 |
419.66 |
384.82 |
| P3 |
430.00 |
438.97 |
437.30 |
AI Generated Signals for INTU
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for INTU:
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