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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1369 |
Essay's paper body
These trends can be seen when examining the candlestick chart.
The Candlestick chart has formed a Bullish pattern which suggests that buyers are entering into the stock. The stock should continue higher for the short-term. By looking at Intuit's charts we can observe that Intuit has had steady gains despite a period of loss between mid-July and mid-August...
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We can also see that it has a Support at 43.44 and Resistance at 47.42. If it breaks this resistance the stock should continue higher to 50.13. The close proximity of resistance at 47.42 will be focused on as a possible refraction from this level may occur.
On October 1, 2002 the chairman of the executive committee sold 200,000 shares of stock in the company...
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