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Intuitive Surgical Rises 1.82% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Intuitive Surgical (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $918.48 to a high of $932.34. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $918.00 on volume of 139,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Intuitive Surgical share prices have moved between a 52-week high of $937.15 and a 52-week low of $447.00 and are now trading 108% above that low price at $930.60 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%.

SmarTrend recommended that subscribers consider buying shares of Intuitive Surgical 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 Surgical have risen 34.7%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders intuitive surgical

Ticker(s): ISRG