Intuit Soars And Retreats

Intuit Inc. INTU shares are trading higher by $5.50 at $102.92 in Friday's session. The Street is liking its Q1 beat beat of $0.13 with $63M more in sales. Also, the company guided slight higher for FY 2016. After a sharply higher open, it quickly ran to $108 before reversing course. That level coinicdes with its August 5 high of $107.75. Since reaching that elevated level, it has declined to $102 and is now attempting to reclaim the $103 handle.