a company called Intuit had a price problem, which means people were confused about how much it was worth. Sometimes, this happens when people who bought it before get scared and want to sell it. They sell it because they don't want to lose money, so when the price goes back to the same level, they put sell orders. This makes the price go down even more. That's what happened to Intuit, and people think it will keep going down. Read from source...

1. 'Sell at former peaks' is an old Wall Street saying that may not hold true every time but has proven to be accurate in Intuit's case. The statement suggests that stocks tend to hit resistance at levels where peaks have formed and tend to sell off after hitting resistance. This is due to traders and investors who bought shares at previous peaks and experienced regret after prices moved lower. They tend to sell their positions when prices return to their purchase price, creating resistance at that level.

2. Stocks sell off after hitting resistance because of anxious sellers who become concerned about the stock's downward trend. They reduce the prices at which they are willing to sell, which creates a snowball effect that pushes shares into a downward trend.

3. The article's technical analysis shows a graphical illustration of human emotions and psychology. The chart of Intuit proves the saying 'Sell at former peaks' is true. Resistance at former peaks is because of buyers' remorse, and stocks sell off of resistance due to anxious sellers.

Critiques:

1. The article's title is misleading as it suggests the article is about Intuit being the stock of the day, but the article focuses more on the concept of selling at former peaks and how it relates to Intuit's case.

2. The article lacks statistical evidence to support the claim that selling at former peaks is an accurate and reliable strategy for all stocks.

3. The article could have provided more context on the Wall Street saying 'Sell at former peaks,' explaining when and why it may or may not be effective.

Overall, the article provides an interesting perspective on the Wall Street saying 'Sell at former peaks' and how it relates to Intuit's case. However, it could have provided more evidence and context to support its claims.

neutral

Reasoning:
The article talks about Intuit's stock, mentioning the old adage of "sell at former peaks". It seems to be providing technical analysis rather than giving a positive or negative sentiment about the stock itself. Therefore, the sentiment here is neutral.

Sell Intuit Inc (INTU) at former peaks, around $672, and target a price below the recent selloff. The risks are due to the sellers' remorse and anxious sellers. You might consider alternative investment options with lower risk factors.