Intuitive Surgical Bearish Moving Average Crossover Alert (ISRG)
Intuitive Surgical (NASDAQ:ISRG) crossed under its 10-day moving average of $712.40 on a volume of 470K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Intuitive Surgical share prices have been bracketed by a low of $447.00 and a high of $727.25 and are now at $684.41, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of Intuitive Surgical on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $563.55. Since that recommendation, shares of Intuitive Surgical have risen 28.1%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses intuitive surgical