INTUITIVE SURGICAL
(ISRG-Nasdaq):
Technical Viewpoint: From a low
of $17.61 on Jul 7, 2004 prices
rallied, reaching a
high of $20.75
on Jul 13, 2004. A
decline saw prices pull back, reaching a
low of
$18.00 on Jul 23, 2004.
Another rally saw prices penetrate
resistance, closing 7/30/04
at $22.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $18.00. Resistance: Is at $23.87.
Point & Figure: Reversed to the upside on Jul 30, 2004. A P&F upside
reversal takes place at $22.00. Summary: Technical indicators have turned bullish. BUY! INTUITIVE SURGICAL
(ISRG-Nasdaq) @ $23.13 Stop: Use a protective stop of $21.13.
INTUITIVE SURGICAL is currently trading @ $22.88 plus $0.41 on Jul 30, 2004. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $11.00. Today's Risk Reward Ratio: 5:1
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