ISRG Swing Idea: Possible upside ~8% upside
Moving Averages:
ISRG
Recently touched its 50 ma twice, reacting bullishly to the indicator. The 20 Day MA also crossed under price, giving off another short term bullish signal.
MACD: The MACD indicator gave off a bullish signal on February 21st with the trendline crossing the moving average. The price action since then has confirmed the indicator, as the stock is up about 6%.
RSI: RSI (14) is showing increasing buying on the daily chart, after a sell off in December. This is showing that investors are slowly moving back into the stock with RSI rising from ~33 to ~63 where it lies today.
Trendlines: Trendlines are showing a break out from a short term triangle. This breakout is paired with consistent volume giving the stock a positive short term outlook.
Fib Levels:
138%: 475
100%: 450
62%: 424
38%: 408
0%: 381
ISRG
Recently touched its 50 ma twice, reacting bullishly to the indicator. The 20 Day MA also crossed under price, giving off another short term bullish signal. MACD: The MACD indicator gave off a bullish signal on February 21st with the trendline crossing the moving average. The price action since then has confirmed the indicator, as the stock is up about 6%.
RSI: RSI (14) is showing increasing buying on the daily chart, after a sell off in December. This is showing that investors are slowly moving back into the stock with RSI rising from ~33 to ~63 where it lies today.
Trendlines: Trendlines are showing a break out from a short term triangle. This breakout is paired with consistent volume giving the stock a positive short term outlook.
Fib Levels:
138%: 475
100%: 450
62%: 424
38%: 408
0%: 381
Trade chiuso: obiettivo raggiunto:
Closing half of position, waiting for consolidation and will re-enter.
Commento:
Looking for next leg to 544 after consolidation, hoping for strong earnings this week.