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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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May 09, 2008 (Fresh Brewed Media via COMTEX) -- Intuit Inc. (INTU) opened at 27.40. So far today, the stock has hit a low of 26.90 and a high of 27.65. INTU is now trading at 26.95, down 0.79 (-2.88%). The stock hit its 52 week high of 33.1 0 in October and set its 52 week low of 25.08 in March. INTU has been steady for the past year. Shares of Intuit have been dropping with other technology stocks as traders' recession fears increased on disappointing earnings numbers from insurer American International Group Inc. (AIG). Another spike in oil prices also stirred concerns about inflation. Technical indicators for the stock are neutral and slightly improving while S&P gives INTU a neutral 3 STARS (out of 5) hold rating. If you're looking for a hedged play on this stock, consider a June bear-call credit spread above the $30 range. INTU stock could rise up to 11.3% before expiration and this position would still be profitable. RHF - Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock |
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(C) Copyright 2008, Fresh Brewed Media. All rights reserved. ********************************************************************** As of Monday, 05-05-2008 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated Please read the End User Agreement. News provided by COMTEX |
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