Intuit Inc.: confirmation week closes bullish, discipline calls for caution

Intuit Inc. is at week 8 of a sell signal. The week of June 1st closed with a 10.5% drop and 96% of volume on the sell side — a sharp return of bearish pressure after the prior week's rebound. The confirmation week, however, closed bullish: discipline calls for exiting the short position. The stock ranks 5th among the 96 sell signals for US stocks in our ranking.