Intuit - Final Thoughts

Ticker Symbol: INTU

Final Thoughts

Intuit's latest guidance revision appears to be more of a reflection of market drag as opposed to weakness in the firm's revenue generating ability. Intuit's range of trading during the heightened period of systemic risk has held between $20 to $32 as the tech sector waffles. This trading range could provide a channel for covered call strategies at support and profit taking near resistance levels.

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