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Shares of Intuitive Surgic Rise Above Previous 52-Week High

By David Diaz

Intuitive Surgic (NASDAQ:ISRG) traded today at a new 52-week high of $496.92. Approximately 89,000 shares have changed hands today, as compared to an average 30-day volume of 788,000 shares.

Intuitive Surgic (NASDAQ:ISRG) is currently priced 6.2% above its average consensus analyst price target of $462.47. The stock should discover initial support at its 50-day moving average (MA) of $451.42 and subsequent support at its 200-day MA of $403.52.

Over the past year, Intuitive Surgic has traded in a range of $292.17 to $496.92 and is now at $492.93, 69% above that low. The 200-day and 50-day moving averages have moved 0.60% higher and 1.14% higher over the past week, respectively.

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 15.5%. 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