Tax season has come and gone for most people. But software giant Intuit, the parent of TurboTax, QuickBooks and other financial programs, continues to put up good numbers. And on Tuesday the Relative Strength Rating for Intuit stock hurdled over a key benchmark, with a jump from 76 to 81.
The upgraded 81 RS Rating shows that INTU stock tops 81% of all stocks for price performance this past year. It's a notable change because market research reveals that the best stocks often have an 80 or better RS Rating as they begin their biggest price moves.
Intuit Stock Among Best Overall
Intuit stock carries a 96 Composite Rating, affirming it's among the top tier overall. Mountain View, Calif.-based Intuit also boasts a near-best 97 Earnings Per Share Rating, out of a best-possible 99. And demonstrating strong financials, it has an A SMR Rating (sales + profit margins + return on equity) on an A-to-E scale with A the best. Its C+ Accumulation/Distribution Rating indicates more funds are buying its shares than selling. It's in the financial software group, which itself boasts an A Group RS Rating.
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Intuit stock is working on a consolidation with a 490.93 entry. INTU stock dropped to an intraday low 352.63 on Nov. 4. In the six months since then its stock has risen nearly a hundred points to trade at 451 Tuesday afternoon, up 1.8% for the day
Intuit reported 17% earnings growth last quarter to a lofty $8.92 per share on a 7% increase in revenue to $6.02 billion. The prior quarter its EPS popped 42% on a 14% rise in revenue in the lead-up to tax season.
Among Top 5 In Industry Group
Intuit stock holds the No. 3 rank among its peers in the Computer Software-Financial industry group. Tax processing software maker Vertex and decision-making software for financial firms maker Fair Isaac are also among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary Relative Strength Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
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