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Intuitive Surgic Set to Possibly Pullback After Yesterday's Rally of 2.23%

By Nick Russo

Intuitive Surgic (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $506.78 to a high of $517.59. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $506.92 on volume of 521,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Intuitive Surgic share prices have moved between a 52-week high of $517.59 and a 52-week low of $292.17 and are now trading 76% above that low price at $515.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

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