Intuit Offering Possible 6.38% Return Over the Next 24 Calendar Days

Intuit's most recent trend suggests a bullish bias. One trading opportunity on Intuit is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 6.38% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 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 $70.00 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 76.51 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

Icahn heating up war of words with eBay
Wed, 26 Feb 2014 21:30:32 GMT

Intuit Updates Second-quarter Outlook to Reflect Later Tax Season Opening
Tue, 25 Feb 2014 22:55:11 GMT
noodls – Company Reiterates Full-year Guidance MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Intuit Inc. (Nasdaq: INTU) today announced it expects a shift of tax revenue, as well as GAAP and non-GAAP operating income …

Intuit CEO Brad Smith to Present at Morgan Stanley Technology Conference
Tue, 25 Feb 2014 22:54:58 GMT
noodls – MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Brad Smith, Intuit Inc.'s (Nasdaq: INTU) president and chief executive officer, will present at the Morgan StanleyTechnology Conference in San Francisco on March …

Intuit CFO Neil Williams to Present at Raymond James Conference
Tue, 25 Feb 2014 22:54:57 GMT
noodls – MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Neil Williams, Intuit Inc.'s (Nasdaq:INTU) chief financial officer, will present at the Raymond James Institutional Investor Conference in Orlando, Fla., on March …

Intuit CFO Neil Williams to Present at Raymond James Conference
Tue, 25 Feb 2014 21:38:00 GMT
Business Wire – Neil Williams, Intuit Inc.’s chief financial officer, will present at the Raymond James Institutional Investor Conference in Orlando, Fla., on March 4.

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