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Shares of MAKO Surgical Under Pressure, Down 2.8%

Published on Mon, 01/28/2013 - 13:17
By Robert Cotter

One of today's notable stocks in decline is MAKO Surgical (NASDAQ:MAKO), down 2.8% to $11.88. The S&P is trading fractionally lower to 1,501 and the Dow is trading fractionally lower to 13,886.

Over the past year, MAKO Surgical has traded in a range of $10.35 to $45.15 and is now at $11.88, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 3% while the 50-day MA has declined 1.6%.

Potential upside of 54.3% exists for MAKO Surgical, based on a current level of $11.88 and analysts' average consensus price target of $18.33. The stock should find initial resistance at its 50-day moving average (MA) of $12.69 and further resistance at its 200-day MA of $19.23.

MAKO Surgical Corp. is a medical device company. The Company offers robotic-ARM solutions and implants for minimally invasive orthopedic knee procedures.

By Robert Cotter
rcotter@fnno.com

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