Intuit stock is a gem in a pile of rocks. The finance and tax software and services giant has strong technical and fundamental ratings. It’s a standout in a group that’s badly lagging the market. On Tuesday, the Relative Strength (RS) Rating for Intuit (INTU) climbed to a new percentile, rising from 79 the prior trading session to 82.
The 82 RS Rating means Intuit stock has outperformed 82% of all stocks over the past year. The market’s biggest winners tend to have an RS rating of over 80 as they launch their biggest price moves. In contrast, the Computer Software-Financial group as a whole, which Intuit leads, has a weak 7 RS rating.
Intuit Stock Bounced From Covid Low
Intuit stock dropped to a coronavirus crash low of 187.68 in March 2020. It’s risen about 166% since then and was trading just above 500 Tuesday afternoon.
Among other key ratings for the Mountain View, Calif.-based company, Intuit has an 81 EPS Rating, of a best-possible 99, putting it in the top 20% of all companies for recent and long-term profit growth.
The maker of TurboTax and QuickBooks software, among other products, also carries an 87 Composite Rating, just below the 90 rating CAN SLIM investors seek for this rating. Additionally, Intuit stock holds a strong B Accumulation/Distribution Rating, indicating moderately strong buying of its stock by large institutions.
Regarding fundamentals, Intuit’s earnings grew 35% last quarter, to $6.07 per share, reversing from a seasonal slump the prior quarter. Revenue climbed 39% in its most recent quarter, to $4.17 billion.
Intuit is now considered extended and out of buy range after clearing a 422.87 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks matches up against the rest of the market.
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