DailyPlay for Friday March 9th, 2018 – Intuit (INTU)

The bullish DailyPlay we chose for Friday March 9th is Intuit (INTU). INTU is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 2.15% move higher and its 1m and 6m trend has turned bullish on 3/5 and recently bounced higher off its $28 support level.

Intuit’s 1m and 6m trends turned bullish on 2/15 while breaking above its $165 resistance level which now becomes support. With a technical score of 8 (out of 10), INTU is a strong bullish stock that will likely continue higher.

View this Trade Idea on INTU

As a stop loss, if INTU was to trade below $165 for multiple days, this would invalidate our analysis and suggest getting out of the trade.