Intuitive Surgical, Inc. (ISRG)
It’s been a strong year of weekly chart alerts, and we’ve got one more big win just in time for the holidays.
Today’s Chart of the Week comes from the healthcare space which is sizzling hot.
Specifically, we’re looking at a medical technology company, Intuitive Surgical, Inc. (ISRG) which produces robotics products to improve clinical outcomes through minimally invasive surgery.
Hot sector, hot industry, great strength.
But what’s really nice is the consolidation we’ve been seeing over the last few months resolving to the upside.
Healthcare is winning right now, and ignoring it would be irresponsible.
So we are LONG in ISRG above $780 with a price target of $1040.
Below that 780 level, there’s just too much downside risk. But above it, we are long and targeting $1040 for a 33% gain.
Happy Holidays everyone!
Til next week, good trading,
P.S. If you haven’t gotten to watch, watch the replay from last week’s live Charting Room training for more actionable trades.
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