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Intuitive Surgic Set to Possibly Pullback After Yesterday's Rally of 1.55%

By James Quinn

Intuitive Surgic (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $1,007.00 to a high of $1,026.08. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $1,008.62 on volume of 164,000 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 Surgic 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 Surgic have risen 48.2%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Intuitive Surgic share prices have moved between a 52-week high of $1026.08 and a 52-week low of $610.71 and are now trading 67% above that low price at $1021.78 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 surgic

Ticker(s): ISRG