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After Yesterday's Rally of 1.25% Shares Could Potentially Pullback

By David Diaz

Intuitive Surgical (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $710.01 to a high of $719.63. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $718.88 on volume of 140,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 25.9%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Intuitive Surgical share prices have moved between a 52-week high of $727.25 and a 52-week low of $447.00 and are now trading 61% above that low price at $718.53 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%.

Keywords: rebounders intuitive surgical

Ticker(s): ISRG