{"id":39445,"date":"2023-07-23T12:49:17","date_gmt":"2023-07-23T16:49:17","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/buy-intuit-and-sell-short-intuitive-surgical\/"},"modified":"2023-07-23T12:49:19","modified_gmt":"2023-07-23T16:49:19","slug":"buy-intuit-and-sell-short-intuitive-surgical","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39445","title":{"rendered":"Buy Intuit And Sell Short Intuitive Surgical"},"content":{"rendered":"<div>\n<p>Over the near term, the indices are likely to move higher. We have moved into the seasonally weaker August-September period. A correction is due before a strong Q4 begins.<\/p>\n<p>Intuit<fbs-ticker data-name=\"INTU\" data-href=\"https:\/\/www.forbes.com\/companies\/intuit\" data-type=\"stock\"><br \/>\n  INTU<br \/>\n <\/fbs-ticker> is highly ranked in fourth place in the Cycles Research screen for the NASDAQ<fbs-ticker data-name=\"NDAQ\" data-href=\"https:\/\/www.forbes.com\/companies\/nasdaq\" data-type=\"stock\"><br \/>\n  NDAQ<br \/>\n <\/fbs-ticker> 100. In August, the shares have risen 70% of the time over the last 30 years for a 4.6% gain. Monthly, the stock is not overbought but is neutral in price momentum. This sets the stock apart from its other NASDAQ brethren.<\/p>\n<p>The weekly strip shows the stock breaking out of a 2-year consolidation. Weekly momentum shows a bullish series of higher lows. The stock is likely to be trading at the $525 level by the end of August.<\/p>\n<p><strong><u>Intuit Daily, Weekly, Monthly<\/u><\/strong><\/p>\n<p><strong><u>Intuit Monthly Histogram<\/u><\/strong><\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Intuitive Surgical<fbs-ticker data-name=\"ISRG\" data-href=\"https:\/\/www.forbes.com\/companies\/intuitive-surgical\" data-type=\"stock\"><br \/>\n  ISRG<br \/>\n <\/fbs-ticker> is likely to fall to the $290-$305 level. Note that the last earnings announcement was met with selling; the stock gapped down. This price peak coincided with the crest in the monthly price cycle depicted in the second chart. The third chart is that of the monthly histogram. Note that July is a high point in seasonality. This stock is running into cyclical headwinds.<\/p>\n<p><strong><u>Intuitive Surgical Daily<\/u><\/strong><\/p>\n<p><strong><u>Intuitive Surgical Monthly<\/u><\/strong><\/p>\n<p><strong><u>Intuitive Surgical Monthly Histogram<\/u><\/strong><\/p>\n<p>Expected Return<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/07\/23\/stocks-this-week-buy-intuit-and-sell-short-intuitive-surgical\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the near term, the indices are likely to move higher. We have moved into the seasonally weaker August-September period. A correction is due before a strong Q4 begins. Intuit INTU is highly ranked in fourth place in the Cycles Research screen for the NASDAQ NDAQ 100. In August, the shares have risen 70% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-39445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buy Intuit And Sell Short Intuitive Surgical | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Over the near term, the indices are likely to move higher. We have moved into the seasonally weaker August-September period. 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