Intuitive Surgical (NASDAQ:ISRG) crossed under its 10-day moving average of $498.00 on a volume of 119K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Intuitive Surgical have traded between a low of $320.00 and a high of $594.89 and are now at $495.98, which is 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
There is potential upside of 15.5% for shares of Intuitive Surgical based on a current price of $495.98 and an average consensus analyst price target of $572.62. The stock should run into initial resistance at its 200-day moving average (MA) of $500.84 and subsequent resistance at its 50-day MA of $506.25.
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.