Sell signal: the decline regains control
Intuitive Surgical drops 4.5% as the decline regains control
Sell signal: the decline regains control
Our view last week
24 weeks into a sell signal, Intuitive Surgical books a 5.3% week and drifts back within reach of the Inversion Point. Signal strength collapses to 2 out of 100: the decline has burned through its remaining room. The setup quality indicator holds at 56 out of 100, ordinary band, and the stock slides to 104th among the 137 US sell signals.
This week's summary
Intuitive Surgical's decline is back in charge: after a 5.3% rebound had carried it almost back to the sell signal's finish line, the stock drops 4.5% on volume that's 91% on the sell side, marking a fresh 30-day low in the 397 area where a double bottom has already bounced 9% once. The short sits above 22% in profit, with earnings due July 16, this very week.
IQS Phase
74
in tension
Signal Strength
34
decline starting to make lower lows
Sizing
REDUCED
Ranking
#33 / 137
US stocks
Trade P&L %
+22.37%
from signal to today
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