Intuit (INTU) NewsBite - INTU Upgraded By UBS

Friday, November 21, 2008 11:21 AM EDT

Intuit (INTU) was upgraded today by analysts at UBS and the stock is now at $21.53, up $0.92 (4.46%) on volume of 2,355,680 shares traded. The analyst upped INTU to "Buy" from "Sell." Over the last 52 weeks the stock has ranged from a low of $20.24 to a high of $32.16. Intuit stock has been showing support around $18.90 and resistance in the $23.30 range. Technical indicators for the stock are neutral and S&P gives INTU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on INTU the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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