Company Description: Intuit Inc. provides business and financial management solutions for small and medium sized businesses, consumers, accounting professionals, and financial institutions in the United States, Canada, and the United Kingdom. The company offers QuickBooks financial and business management software and services, technical support, financial supplies, and Web site design and hosting services for small and medium-sized businesses; and small business payroll products and services, as well as merchant services comprising credit and debit card processing, electronic check conversion, and automated clearing house services. It also provides TurboTax income tax preparation products and services for consumers and small business owners; Lacerte and ProSeries professional tax products and services; and QuickBooks Premier Accountant Edition and the QuickBooks ProAdvisor Program for accounting professionals. In addition, the company offers outsourced online banking services for banks and credit unions, as well as Quicken personal finance products and services. Intuit Inc. was founded in 1983 and is headquartered in Mountain View, California.

Our Analysis: The shares of Intuit, Inc. 'INTU' set a new multi-year closing high yesterday on heavier than normal trading volume. That is a bullish trading signal. The shares of 'INTU' have recently completed a series of "cup patterns" with measured moves to our stated price targets. Please note that the shares of 'INTU' have a series of upside resistance point near the current price levels, if they manage to close above our upper price target, then they could be in for a run to dramatically higher price levels. I see downside support on the shares of 'INTU' @ $32.72/share, and have set my stops accordingly at $32.31/share.