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Shares of Intuitive Surgical Rise Above Previous 52-Week High

By Shiri Gupta

Intuitive Surgical (NASDAQ:ISRG) traded at a new 52-week high today of $948.98. Approximately 65,000 shares have changed hands today, as compared to an average 30-day volume of 330,000 shares.

Intuitive Surgical (NASDAQ:ISRG) defies analysts with a current price ($947.75) 21.4% above its average consensus price target of $745.33. Intuitive Surgical shares have support at the 50-day moving average (MA) of $602.64 and additional support at the 200-day MA of $538.99.

Intuitive Surgical share prices have moved between a 52-week high of $948.98 and a 52-week low of $447.00 and are now trading 112% above that low price at $947.75 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

Intuitive Surgical, Inc. design, manufactures and markets surgical systems. The Company's surgical system controls Intuitive Surgical endoscopic instruments, including rigid endoscopes, blunt and sharp endoscopic dissectors, scissors, scalpels, forceps/pickups, needle holders, endoscopic retractors, electrocautery, ultrasonic cutters, and accessories during surgical procedures.

SmarTrend recommended that subscribers consider buying shares of Intuitive Surgical on January 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $679.36. Since that recommendation, shares of Intuitive Surgical have risen 37.8%. 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 surgical

Ticker(s): ISRG