NEW YORK – Shares of financial software giant Intuit Inc. (INTU) finished Thursday with a powerful late-day surge, capping off a positive session and setting a decidedly bullish tone for the start of trading next week.
Intuit, the company behind TurboTax and QuickBooks, closed the session at
6.31 (0.84%). While the stock traded in a wide range throughout the day, the real story was in the final hour. After hitting a low of $755.05 in the mid-afternoon, a wave of buying pressure lifted the stock dramatically into the closing bell, finishing near its session high of $762.39.
After-hours trading showed remarkable stability. The stock closed the extended session completely flat at $761.14, indicating that the strong closing price held firm without any immediate profit-taking, a sign of investor conviction.
Outlook for Monday:
The price action on Thursday strongly suggests that the path of least resistance is higher for Intuit shares on Monday.
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The Bullish Case (Market Up): This is the most likely scenario. The powerful rally in the final hour of trading is a classic sign of bullish momentum. Buyers were not afraid to chase the stock higher into the close, and the fact that these gains held in after-hours trading reinforces that strength. Investors will likely look to push the stock past the session’s high of $762.39 early on Monday, potentially targeting the 52-week high of $773.45 in the coming days.
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The Bearish Case (Market Down): The argument for a downturn is weak. A bear might point to the stock’s failure to hold the $762 level during midday trading as a point of resistance. However, the aggressive buying that followed the afternoon dip largely negates this concern. For a bearish case to materialize, the stock would need to unexpectedly gap down on Monday and break below the crucial support established by the late-day rally.
Given the strong finish and stable after-hours performance, all eyes will be on Intuit at Monday’s open to see if it can build on this powerful momentum and continue its ascent.
