Intuit Reaches Highest Level Since Q4 Miss

shares are trading higher by $1.58 at $100.46 in Wednesday's session. The issue has battled its way back from the drubbing it took following its Q4 loss on lower than expected revenues by $40 million. The report instigated a decline from its August 20 close ($102.92) to $89.28. Two days later, it bottomed at $79.63 and began its comeback. After a higher open, it retreated and found support just below Tuesday's close ($98.88), reaching $98.78 before resuming the rally. So far, it has reached $100.63 and is not far off that level. The company will announce 2016 Q1 earnings on November 19.

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