• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 429914 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1416623796 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1416623796 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Possible Bearish Inside Day Candle Pattern Detected for Intuitive Surgical (NASDAQ:ISRG)

Published on Mon, 01/28/2013 - 08:28
By Peter Chu

Analysts have spotted a possible bearish inside day candle pattern in Intuitive Surgical (NASDAQ:ISRG) based on the price action in the company's shares. Yesterday's price range of $572.27 and $580.80 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Intuitive Surgical may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

There is potential upside of 7.0% for shares of Intuitive Surgical based on a current price of $577.82 and an average consensus analyst price target of $618.00. The stock should find initial support at its 200-day moving average (MA) of $524.88 and further support at its 50-day MA of $520.86.

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.

Over the past year, Intuitive Surgical has traded in a range of $320.00 to $594.89 and closed yesterday at $577.82, 81% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Whirlpool: 52-Week High Recently Eclipse...

Whirlpool (NYSE:WHR) traded at a new 52-week high today of $185.34. This new high was ...

Watch for Continued Gains in Shares of W...

Werner Enterprises (NASDAQ:WERN) traded at a new 52-week high today of $29.10. So far ...

Watch for Continued Gains in Shares of W...

Shares of Waters (NYSE:WAT) traded today at $117.71, breaking its 52-week high. This n ...

Wabtec: The Winning Streak Continues (WA...

Wabtec (NYSE:WAB) traded today at a new 52-week high of $90.98. Approximately 327,000 ...

Recent 52-Week High Exceeded in Shares o...

Verint Systems (NASDAQ:VRNT) traded at a new 52-week high today of $60.25. Approximate ...

Validus Holdings: The Winning Streak Con...

Validus Holdings (NYSE:VR) traded at a new 52-week high today of $41.28. This new high ...

Meridian Bioscience Looks to Continue to...

Shares of Meridian Bioscience (NASDAQ:VIVO) traded today at $15.80, breaking its 52-wee ...

Shares of VF Corp Have Risen Above Previ...

Shares of VF Corp (NYSE:VFC) traded today at $74.35, breaking its 52-week high. This n ...