Intuit (INTU) Offering Possible 6.38% Return Over the Next 6 Calendar Days

Intuit's most recent trend suggests a bullish bias. One trading opportunity on Intuit is a Bull Put Spread using a strike $487.50 short put and a strike $482.50 long put offers a potential 6.38% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $487.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $482.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Intuit is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Intuit is bullish.

The RSI indicator is at 55.77 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Intuit

Intuit (INTU) Dips More Than Broader Markets: What You Should Know
Wed, 06 Apr 2022 21:50:09 +0000
In the latest trading session, Intuit (INTU) closed at $490.21, marking a -1.18% move from the previous day.

The Zacks Analyst Blog Highlights Texas Instruments, Intuit, Lockheed Martin, ConocoPhillips and Stryker
Wed, 06 Apr 2022 10:02:10 +0000
Texas Instruments, Intuit, Lockheed Martin, ConocoPhillips and Stryker are part of today's top Analyst Blog.

Top Stock Reports for Texas Instruments, Intuit & Lockheed Martin
Tue, 05 Apr 2022 19:52:07 +0000
Today's Research Daily features new research reports on 16 major stocks, including Texas Instruments Incorporated (TXN), Intuit Inc. (INTU), and Lockheed Martin Corporation (LMT).

Intuit Introduces QuickBooks Online Advanced in Canada to Serve More Complex and Growing Businesses
Tue, 05 Apr 2022 15:01:00 +0000
Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, today announces the launch of QuickBooks® Online Advanced in Canada, a new cloud-based offering and the most robust version of QuickBooks Online, built for growing businesses. Using artificial intelligence, this new solution will serve up insights and patterns that help growing companies better run their business.

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Tue, 05 Apr 2022 11:40:00 +0000
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