Radar – INTU

August 31, 2011

Intermediate-term short setup – INTU:
1. Stock very OB
2. Backtest of H/S neckline
3. 200-Day resistance
Note – Given that seasonality window is positive through this week, I will short ONLY on weakness in the stock.  Right now important short term pivot is at 48.7 +/- (yesterday close, today open); Putting alarm in at 48.68:

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