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Intuitive Surgic Set to Possibly Rebound After Yesterday's Selloff of 2.04%

By Amy Schwartz

Intuitive Surgic (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $500.07 to a high of $516.98. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $516.43 on volume of 278,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Intuitive Surgic share prices have moved between a 52-week high of $581.12 and a 52-week low of $292.17 and are now trading 74% above that low price at $508.25 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Intuitive Surgic. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intuitive Surgic in search of a potential trend change.

Keywords: rebounders intuitive surgic

Ticker(s): ISRG