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*** These days I post my charts/thoughts on under the same user name BreakoutTrader *** "Charts are worth a million words." - Ralph Acampora "Having learned what folly I was capable of, I closed that particular incident." - Reminiscences of a Stock... More
  • ISRG Intuitive Surgical: Sign Of Strength 0 comments
    Feb 15, 2012 10:19 PM | about stocks: ISRG

    Intuitive Surgical (NASDAQ:ISRG) showed some sign of strength
    today when it went down with the market. The volume
    was below 10-day moving average. This is in contrast
    to AAPL and QQQ that were hit hard with well-above
    average volume. This means there is no panic selling
    for ISRG, at least for today.

    The following weekly chart shows a trend channel
    that projects ISRG may reach $580 area. The target
    price could be higher if ISRG moves up on a steady
    pace. However, this requires the cooperation from
    a generally bullish market environment ...

    Disclosure: I am long ISRG.

    Stocks: ISRG
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