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Next Support Level for Intuitive Surgical (ISRG) is $500.70

Published on Wed, 04/17/2013 - 12:43
By Peter Chu

Shares of Intuitive Surgical (NASDAQ:ISRG) opened today below their pivot of $510.27 and have already reached the first level of support at $505.54. Investors may be interested in a cross of the next downside pivot targets of $500.70 and $491.13.

There is potential upside of 21.7% for shares of Intuitive Surgical based on a current price of $504.64 and an average consensus analyst price target of $614.17. The stock should run into initial resistance at its 200-day moving average (MA) of $520.54 and subsequent resistance at its 50-day MA of $525.54.

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.

In the past 52 weeks, Intuitive Surgical share prices have been bracketed by a low of $320.00 and a high of $594.89 and are now at $504.64, 58% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

By Peter Chu
pchu@fnno.com

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