Intuit (INTU) – Bullish DailyPlay for Tuesday July 3rd, 2018
The bullish DailyPlay we chose for Tuesday, July 3rd is Intuit (INTU). INTU is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.41% move lower but its 1m/6m trend has turned neutral/bullish yesterday and recently bounced higher off its $69 support level.
Intuit’s 1m and 6m trends turned neutral/bullish on 6/28 and recently bounced higher off its $200 support level. With a technical score of 9 (out of 10), INTU is a strong bullish stock that will likely continue higher.
As a stop loss, if INTU was to trade below $200 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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