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ISRG Intuitive Surgical: Second Move

|Includes:Intuitive Surgical, Inc. (ISRG)

ISRG gapped down on earnings release date 1/20,
but was able to recover, closed the gap, and even
broke above the $475 resistance area. What a very
"resilient" stock !

The following daily chart shows a new uptrend in
yellow channel. Based on the new channel, if the
market cooperates, ISRG has the chance to reach
$525 area by the end of this week.

20120217_ISRG_DailyClick to enlarge

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ISRG over the next 72 hours.

Stocks: ISRG