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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

By Amy Schwartz

Intuitive Surgic (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $417.73 to a high of $422.42. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $420.66 on volume of 259,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Intuitive Surgic has traded in a range of $350.00 to $3283.65 and is now at $421.03, 20% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Intuitive Surgic and will alert subscribers who have ISRG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders intuitive surgic

Ticker(s): ISRG