Does this Upgrade present an opportunity for you?

Is it irrelevant, or will the Upgrade make the INTU share price more attractive?

• The chart shows the INTU share price movements over the last 5 months.
• Shares -25.9% from 2018 highs; +27.8% from 2018 lows; -27.2% year-to date
• Exane BNP upgrades INTU to Neutral (from Sell) and ups target to 184.9p (from 180p)
• Consensus summary: 4 Buys, 10 Holds, 4 Sell; Average target: 179p (Source: Bloomberg).
• Current share price 184.9p (at time of writing).
• Will the shares turn back, or will the upgrade push the shares back towards 207p May highs?

Click to enlarge

Trading INTU  – An Example

Let’s say you think that INTU shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of INTU using a CFD, at the current price of 184.9p. To do this, you need £2,000.

For the purpose of this example, let’s assume the INTU share price rises to 207p (+12%). Your profit would be £1200 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. INTU shares fall 5% and hit your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.