After Yesterday's Rally of 1.06% Shares Could Potentially Pullback
Intuitive Surgical (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $636.08 to a high of $642.82. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $639.54 on volume of 145,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Intuitive Surgical share prices have moved between a 52-week high of $654.88 and a 52-week low of $447.00 and are now trading 44% above that low price at $641.65 per share. 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 12.8%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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