Monday, March 24, 2008

Technical Alert: ISRG

Intuitive Surgical (ISRG) is up 27 to $327.70.

The stock is breaking higher out of a classic "cup and handle" formation. It has some resistance at $335, after that it's off to the races.

ISRG reports earnings on April 17. They have already guided higher on that earnings number. The stock also moved up to #1 on the Top 100 stocks list put out weekly by Investor's Business Daily.

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