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Watch for Intuitive Surgic to Potentially Pullback After Gaining 1.55% Yesterday

By Shiri Gupta

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.

In the past 52 weeks, shares of Intuitive Surgic have traded between a low of $610.71 and a high of $1026.08 and are now at $1021.78, which is 67% above that low price. 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 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.

Keywords: rebounders intuitive surgic

Ticker(s): ISRG