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Your First Stock to Buy for June

Intuit Inc . (NASDAQ: INTU ) - This developer and marketer of small business accounting and management tax preparation and personal finance software has been in a bull market since March 2010. Since then, the stock has appreciated 66%.

On Thursday after the close, the company announced that FY third-quarter net income rose 19% as an increasing number of Americans went online to file income tax returns. In addition, Intuit raised its outlook for the year to $2.45-$2.50 per share from $2.41-$2.48.

Technically, INTU has been hugging its 50-day moving average as it "stair steps" higher. The trading target for INTU is $65 within 30 days.

Trade of the Day - Intuit Inc. (NASDAQ: INTU)Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at asksam@investorplace.com .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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