Trading (INTU) With Integrated Risk Controls
March 09, 2024, 04:04 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INTU
- Buy INTU slightly over 639.9 target 674.94 stop loss @ 638.05 Details
The technical summary data tells us to buy INTU near 639.9 with an upside target of 674.94. This data also tells us to set a stop loss @ 638.05 to protect against excessive loss in case the stock begins to move against the trade. 639.9 is the first level of support below 651.73 , and by rule, any test of support is a buy signal. In this case, support 639.9 is being tested, a buy signal would exist.
- Short INTU slightly under 674.94, target 639.9, stop loss @ 676.89 Details
The technical summary data is suggesting a short of INTU as it gets near 674.94 with a downside target of 639.9. We should have a stop loss in place at 676.89though. 674.94 is the first level of resistance above 651.73, and by rule, any test of resistance is a short signal. In this case, if resistance 674.94 is being tested, a short signal would exist.
Swing Trading Plans for INTU
- Buy INTU slightly over 666.54, target 674.94, Stop Loss @ 664.62 Details
If 666.54 begins to break higher, the technical summary data tells us to buy INTU just slightly over 666.54, with an upside target of 674.94. The data also tells us to set a stop loss @ 664.62 in case the stock turns against the trade. 666.54 is the first level of resistance above 651.73, and by rule, any break above resistance is a buy signal. In this case, 666.54, 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 666.54, target 643.03, Stop Loss @ 668.46. Details
The technical summary data is suggesting a short of INTU if it tests 666.54 with a downside target of 643.03. We should have a stop loss in place at 668.46 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, 666.54, 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 652.9, target 666.54, Stop Loss @ 651.38 Details
If 652.9 begins to break higher, the technical summary data tells us to buy INTU just slightly over 652.9, with an upside target of 666.54. The data also tells us to set a stop loss @ 651.38 in case the stock turns against the trade. 652.9 is the first level of resistance above 651.73, and by rule, any break above resistance is a buy signal. In this case, 652.9, 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 652.9, target 643.03, Stop Loss @ 654.42. Details
The technical summary data is suggesting a short of INTU if it tests 652.9 with a downside target of 643.03. We should have a stop loss in place at 654.42 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, 652.9, 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 Inc. (INTU) available here: INTU.
INTU Ratings for March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
602.06 |
| P2 |
633.89 |
643.03 |
639.9 |
| P3 |
652.9 |
666.54 |
674.94 |
AI Generated Signals for INTU
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for INTU:
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