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Intuitive Surgic Falls 1.57% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Intuitive Surgic (NASDAQ:ISRG) traded in a range yesterday that spanned from a low of $515.22 to a high of $527.17. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $529.50 on volume of 347,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Intuitive Surgic and will alert subscribers who have ISRG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Intuitive Surgic share prices have been bracketed by a low of $360.50 and a high of $619.00 and are now at $515.16, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Keywords: rebounders intuitive surgic

Ticker(s): ISRG