INTU: Interesting Corporate Developments, Supportive Fundamental

Intuit Inc. is close to buying Credit Karma Inc. for about $7 billion in cash and stock deal. The purchase, which could be announced by Monday, will push the maker of TurboTax deeper into the consumer finance space, the newspaper said. The acquisition would also be Intuit’s largest in its 37-year history.

Technically the stock is in little correction, but the Volume model supports further uptrend posture. Fundamentally, the financials, particularly, revenue and EPS are improving.