A look at Intuitive Surgical Inc. (ISRG)

by DAN Intuitive Surgical Inc. ($ISRG) averages are at $386.08 (21 day SMA), $380.84 (50 day SMA), $441.69 (200 day SMA). Over the past 52 weeks ISRG has traded from a low of $357.02 to a high of $585.67. ISRG was last at $367.79 on a volume of 499,260. Average daily volume has been at 470,341.

52 Week Range $357.02-$585.67 Market Cap 14,105,063,652 Average Volume 470,341 Dividend Yield 0.00% Institutional Ownership 98.10% Insider Ownership: 1.00% Percentage of Float Short 5.30% Beta 1.37

Intuitive Surgical (ISRG) has been forming a base along $360 for the past 5 months. The stock is now testing support and might be tempting to buy right now. However, the trend remains downward and there is no foreseeable catalyst for higher prices. Those who are long the stock should be watching $360 very closely. A break below that level is likely to start the next leg downward. And that leg could extend as far as $325 before hitting the next level of support.

Intuitive Surgical, Inc., designs, manufactures and markets da Vinci Surgical Systems, EndoWrist instruments, and surgical accessories.

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