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Intuitive Surgic Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Intuitive Surgic (NASDAQ:ISRG) traded today at $564.79, breaking its 52-week high. Approximately 150,000 shares have changed hands today, as compared to an average 30-day volume of 466,000 shares.

Intuitive Surgic (NASDAQ:ISRG) is currently priced 17.7% above its average consensus analyst price target of $462.47. The stock should find initial support at its 50-day moving average (MA) of $527.28 and further support at its 200-day MA of $453.88.

Over the past year, Intuitive Surgic has traded in a range of $292.17 to $564.79 and is now at $562.24, 92% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.7%.

Intuitive Surgical, Inc. design, manufactures, and markets surgical systems. The Company offers endoscopes, endoscopic retractors and disectors, scissors, scalpels, forceps, needle holders, electrocautery, ultrasonic cutters, and accessories during surgical procedures. Intuitive Surgical operates worldwide.

SmarTrend recommended that subscribers consider buying shares of Intuitive Surgic on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $428.36. Since that recommendation, shares of Intuitive Surgic have risen 30.5%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows intuitive surgic

Ticker(s): ISRG