INTU: $300 in Play After Annual Revenue MissIntuit Inc.BATS:INTUtimothysmith78Shares in accounting software maker Intuit (INTU) slumped 10% in extended trading on Tuesday after the company forecast annual revenue below Wall Street expectations, signaling that a focus on customer growth and market-share gains could weigh on sales. From a technical standpoint, INTU shares broke above a multi-month downtrend line earlier this month, but ran into selling pressure as the stock tried to fill its second quarter (Q2) earnings gap. If the shares shares see follow-through selling, it's worth paying close attention to the key $300 level. This area on the chart could attract institutional accumulation near a confluence of support from the upward-sloping 50 MA, the multi-month downtrend line and a horizontal line stretching back to a brief consolidation period near the Q2 earnings gap low.