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Under the ascending trendline
Casey Murphy - January 4, 2007


Intuit Inc - INTU

January 3, 2007

Last Trade

$29.49

Volume

4,734,665

52-Week High

$35.98

52-Week Low

$23.99

Commentary:
For today's chart we've chosen to take a look at INTU because it has broken below a 14-month trendline. As you can see from the chart below, the the ascending trendline has been able to provide support for the stock in the past, but today's break below suggests that we could see a move toward the 50.0% Fibonacci retracement level.

 



Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor


 Previous Chart Alerts:    QQQQ   INTL   QQQQ   EBAY   BJ   ECA   GYI   GM   WMB   AMZN   PCAR   WMT  


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