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SmarTrend Watching for Potential Pullback in Shares of Intuitive Surgical After 1.25% Gain

By Nick Russo

Intuitive Surgical (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $710.01 to a high of $719.63. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $718.88 on volume of 140,000 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 Surgical on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $563.55. Since that recommendation, shares of Intuitive Surgical have risen 25.9%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Intuitive Surgical has traded in a range of $447.00 to $727.25 and is now at $718.53, 61% above that low. The 200-day and 50-day moving averages have moved 0.47% higher and 0.94% higher over the past week, respectively.

Keywords: rebounders intuitive surgical

Ticker(s): ISRG