Intuitive Surgical: the decline accelerates sharply
Intuitive Surgical drops 15.1% and breaks to fresh 30-day lows
Intuitive Surgical: the decline accelerates sharply
Our view last week
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.
This week's summary
Intuitive Surgical's decline accelerates sharply: after last week's 4.5% drop, this week closes at -15.1% on volume that's 99% on the sell side, pushing the stock to a fresh 30-day low in the 345 area. Earnings on July 16 are now behind us, and the management short climbs above 34% in profit. The daily RSI is oversold at 30, but the structure stays broken: distribution continues, buyers in retreat.
IQS Phase
85
in tension / maturity
Signal Strength
97
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#21 / 140
US stocks
Trade P&L %
+34.08%
from signal to today
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