ISRG trade ideas
Intuitive Surgical trade setup. Entry level $ 592 = Target price $643 = Stop loss $578
technically and fundamental bullish with great momentum in the stock, RSI has plenty of upside.
Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.
Stock of the week: ISRG ready to advance!Check out the stock of the week!
ISRG Completed Re-Accumulation Trading Range and starts to outperform
LONG SETUP
Pattern Confirmation: Rally above $600
Pattern Failure: Close below $475
Trading Target : $510 count line + (29 boxes*3 reversal* $5 box size)=$895
Happy trading, Roman
Buy $ISRG - 1D TFI am long in $ISRG and have opened buy position. 1D MA50 has crossed MA200 and I am expecting the range to be broken to the upside.
1D DC20 has been broken on 18th October.
With checking the weekly outlook after a year of ranging this may now be the time for the uptrend to continue.
SL can be triggered if daily candle closes below MA50, MA200 and DC20.
I have no defined TP at this stage - either going for trailing stop or monitoring indicators (e.g. heavily oversold RSI condition, Stoch RSI and locking profits accordingly if the market goes in favor.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose.
To prove real trade stats please do not hesitate to check eToro - www.etoro.com
ISRG Looks long to me.I like the monthly (almost complete), weekly and daily charts. I really like the weekly look. Gap filled on Daily too.
ISRG before EarningsExpecting a breakout to higher grounds (560+), all indications check out positively for ER today after close . Lines and connections have been averaged on the 'monthly' with step-line over 'linear'. RSI is ready to surge, ADXDI is fully charged. Stock is continuously creating higher highs and is expected to break the 600 mark by the end of the year.
$ISRG Impressive earnings For Intuitive Surgical.Looking for a possible long on a good break above $550.
Shares of Intuitive Surgical (ISRG) jumped 3.9%, near 550, in after-hours trading on the stock market today.
During the third quarter ended Sept. 30, Intuitive Surgical earned $3.43 per share, on an adjusted basis. Earnings increased more than 21% year over year and topped the average estimate of analysts polled by Zacks Investment Research for $2.96 a share.
Revenue grew 23% to $1.13 billion and beat analyst forecasts for $1.06 billion. Procedures using Intuitive Surgical's biggest robotic surgery system, da Vinci, ramped up 20% year over year. Evercore ISI analyst Vijay Kumar called the number "impressive."
Source Investor bus Daily.
Company profile
Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.
Intuitive Surgical heading to ATH.ISRG surgical system enables minimally-invasive surgery, and decreases costs greatly in a industry where Surgical staffing issues are a problem throughout the world.
The growth potential for ISRG expands as technology develops for remote medical treatments.
There will come the day when many operations will be performed by AI powered robotics.
Analysts average price target $583 | Overweight
P/e ratio 55
Company profile
Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.
ISRG Short/ Put SpreadISRG Put Spread
EXP October 18th.
505/465 Put Spread $13.93 Max Loss 40 point spread
Target is $1300 Profit
Max loss is $750
Market is trending lower, RSI is showing divergence and this is market wide ISRG is showing a rounding topping pattern which may move toward further support at 460 which will be my exit.
Exit 1 = $460 underlying price while trying to get as close as possible to $1300 with a 10% tolerance plus or minus.
Exit 2 = Market reversed and I take a $750 loss. It's possible my time target could be too far out and I may hit my target early if the market sells off leading into September.
three drives you're outCheckout this repeating pattern... one bounce followed by an exhaustive three drives-ish pattern. Today was the third time it's gotten rejected from the .618 retrace, now at top of channel and showing momentum divergence. Bollinger showing it's coiled and ready for a move.
INTUITIVE SURGICAL (ISRG)Health Care/ Health Care Equipment
Company announced 2Q earnings last week which exceeded expectations -it managed to increase gross margin by eliminating distributors and sell more directly.
In 2019 Expected revenue +16.5%, EPS + 14.3%, EBITDA margin +3.4 p.p. (38.5%)
In 2020 Expected revenue +23.1%, EPS + 13.7%, EBITDA margin -0.5 p.p. (38.0%)
12M Tgt Px is USD 571.88 (Bloomberg). Since last Friday analyst increased Target Px above USD 600
Company doesn't pay dividend.
We are looking to enter long position at current levels - 2.0% portfolio exposure.
reversal watch 550-553Stopped on the .618 retrace today but looks like it'll complete the inv H&S pattern to around 550... where:
- there's tons of resistance from last winter's tops
- Elliot wave theory says wave 3 cannot be the shortest wave. Meaning wave 5 will max out at 552.50
- Reversing at around 550 would paint a three drives pattern
bullish shark retraceBetween the healthcare dump, earnings, and recent corrective wave in broader markets, this stock has weathered the storm and looks ready to move up. Whether it's a wave 3 or C, this looks headed for the 50DMA / .5-.618 retrace / on the bullish shark. Those shark fib ratios are spot on... I'm buying the dip all the way to 545.
38% Retracement. Wait for buy signalNegative Volume accelerated from possible earnings forecast downgrade. Stay away until accumulation.
RSI / Stochastic Top Divergence
MACD Crossover to downside.
$ISRG INTUITIVE SURGICAL IS A RISKY LONG INTO EARNINGS INTUITIVE SURGICAL has seen a very intense sell off in recent days which does no breed confidence coming into earnings. With a current p/e ratio of 55 the stock is quite expensive but has the catalyst of growth to power it higher. We think it is to risky to long into earnings so maybe see what happens before initiating any position.
