In the Lightning Round segment of Mad Money Wednesday night, Jim Cramer was bullish on Intuit (INTU) . Let's review the charts and indicators of the maker of TurboTax.
In the daily bar chart of INTU, below, we can see that prices rallied from late December to early September. INTU corrected lower into early November but has moved up nicely in the past two weeks. Prices tested and broke for a while the rising 200-day moving average line but INTU is now above the 200-day line and the bottoming 50-day moving average line.
The volume of trading this month looks like it has increased versus October and the On-Balance-Volume (OBV) line has risen too and is not far from making a new high. These are positive signs for INTU.
The Moving Average Convergence Divergence (MACD) oscillator has improved steadily this month and is close to crossing the zero line for an outright go long signal.


