ISRG - Intuitive Surgical: Sell Signals Abound

2024-05-17 11:34:43 ET

Summary

• Intuitive Surgical, Inc. shares have risen over 50% since their late October lows, and the company posted solid first quarter numbers in mid-April.
• However, the stock could be vulnerable to profit taking and/or consolidation given current valuations and technical resistance levels.
• We take a look at Intuitive Surgical and run through the numbers in more detail in the paragraphs below.

Today, we take a more in-depth look at the leader in the surgical robotic space, Intuitive Surgical, Inc. ( ISRG ) . The shares have risen by over 50% since the end of the most recent market sell-off in late October. Is the rise justified, or is the stock now vulnerable to some profit-taking and consolidation? We take a look at the question below....

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