[May 21, 2013] Look for Shares of Intuit to Potentially Rebound after Yesterday's 2.93% Sell Off Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Intuit (NASDAQ:INTU) traded in a range yesterday that spanned from a low of $57.78 to a high of $60.00. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $59.47 on volume of 5.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. Intuit share prices have moved between a 52-week high of $68.41 and a 52-week low of $53.38 and are now trading 8% above that low price at $57.89 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant. SmarTrend recommended that its subscribers protect gains by selling shares of Intuit on March 21st, 2013 by issuing a Downtrend alert when the shares were trading at $64.92. Since that call, shares of Intuit have fallen 8.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]