Software firm Intuit (INTU) is not scheduled to report earnings until August 23, but the charts have improved and are worth a look. Let's check.
In this daily bar chart of INTU, below, we can see that prices have been bottoming for the past three months. Prices are trading above the rising 50-day moving average line. The slope of the 200-day moving average line is negative.
The On-Balance-Volume (OBV) line shows an advance from May and tells us that buyers of INTU have become more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is now above the zero line for an outright buy signal.