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Intuit Stock Has Outperformed Broader Markets This Year

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May. 30 2019, Published 10:38 a.m. ET

Stock returns

Financial technology solutions company Intuit (INTU) has risen over 27.0% in 2019. It is up 27.0% in the last 12 months as well. The stock rose 20.5% in 2018, which was a difficult year for most companies. In the last three years, INTU stock has risen at a CAGR (compound annual growth rate) of 32.5% and is up 25.7% annually in the last five years.

Intuit stock has easily beaten the broader indexes. The S&P 500 ETF (SPY) has gained 11.8% this year and is up 7.5% annually in the last five years. The Power Shares QQQ ETF (QQQ) has gained 14.3% this year and is up 13.9% annually in the last five years.

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Technical analysis

On May 29, Intuit stock closed at $249.62, 3.6% above its 100-day moving average of $240.98, 1.7% below its 50-day moving average of $253.89, and 1.5% above its 20-day moving average of $245.85.

Moving average convergence divergence

Intuit’s 14-day MACD (moving average convergence divergence) is 8.45. A stock’s MACD marks the difference between its short- and long-term moving averages. The company’s positive MACD indicates an upward trading trend.

The stock’s 14-day RSI (relative strength index) score of 50 indicates that it is trading between overbought and oversold territory. An RSI score above 70 indicates that a stock is overbought, while an RSI score below 30 indicates it is oversold.

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