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Bearish Moving Average Cross by Intuitive Surgic (ISRG)

By Shiri Gupta

Today, shares of Intuitive Surgic (NASDAQ:ISRG) have crossed bearishly below their 10-day moving average of $489.80 on a volume of 132K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Intuitive Surgic share prices have been bracketed by a low of $380.00 and a high of $589.32 and are now at $483.00, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Intuitive Surgic on April 17th, 2019 by issuing a Downtrend alert when the shares were trading at $543.71. Since that call, shares of Intuitive Surgic have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses intuitive surgic

Ticker(s): ISRG