Downgrade Alert for Intuitive Surgical (ISRG)
Intuitive Surgical (NASDAQ:ISRG) was downgraded from Buy to Neutral at Goldman Sachs today. The stock closed yesterday at $639.44 on volume of 278,000 shares, below average daily volume of 330,000.
Intuitive Surgical, Inc. design, manufactures and markets surgical systems. The Company's surgical system controls Intuitive Surgical endoscopic instruments, including rigid endoscopes, blunt and sharp endoscopic dissectors, scissors, scalpels, forceps/pickups, needle holders, endoscopic retractors, electrocautery, ultrasonic cutters, and accessories during surgical procedures.
Intuitive Surgical (NASDAQ:ISRG) is currently priced 8.9% above its average consensus analyst price target of $582.80. The stock should discover initial support at its 50-day moving average (MA) of $602.64 and subsequent support at its 200-day MA of $538.99.
Over the past year, Intuitive Surgical has traded in a range of $447.00 to $654.88 and closed yesterday at $639.44, 43% 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.
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 13.2%. We continue to monitor ISRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades intuitive surgical