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Shares of Intuit Inc are moving well.  The stock is up 3% and is trading at new May highs.  

Upside volume has been very solid since the company raised its full year guidance for 2021: Intuit (INTU) Cuts Q3 View, Raises Fiscal 2021 Guidance – May 12, 2021 – Zacks.com.

INTU has spent March, April and so far May trading inside its February range.  A clear upside break of this healthy consolidation(shares were up 125% from the March 2020 lows in mid February), could spark quite a run.  The stock is far from overbought(daily MACD).  Key near term hurdle is the $424.00 area(Feb/Apr highs).  On the downside, a close back below $385.00 would violate this week’s low sending a clear warning sign that more consolidation is ahead. 

Earnings are due May 25/PM

No position.