Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery.
After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum.
This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG.
Even if breaks above $309 before correcting I wouldn't buy it as I don't expect it would have a good follow through.
I'll keep this stock in the watchlist and wait for a proper breakout.
After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum.
This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG.
Even if breaks above $309 before correcting I wouldn't buy it as I don't expect it would have a good follow through.
I'll keep this stock in the watchlist and wait for a proper breakout.
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Big down day, looks like I was right
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Price is finding support in $300
Pivot at $317.
Pivot at $317.