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Next Support Level for Intuitive Surgical (ISRG) is $572.11

Published on Mon, 02/04/2013 - 13:48
By Robert Cotter

Shares of Intuitive Surgical (NASDAQ:ISRG) have bearishly opened below the pivot of $581.78 today and have reached the first support level of $577.89. Investors may be interested in a cross of the next downside pivot targets of $572.11 and $562.44.

Over the past year, Intuitive Surgical has traded in a range of $320.00 to $594.89 and is now at $573.68, 79% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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.

Potential upside of 7.7% exists for Intuitive Surgical, based on a current level of $573.68 and analysts' average consensus price target of $618.00. Intuitive Surgical shares have support at the 200-day moving average (MA) of $525.73 and additional support at the 50-day MA of $525.26.

By Robert Cotter
rcotter@fnno.com