Intuitive Surgical may rise to 462.00 - 471.00

418 is our pivot point.

Our preference

The upside prevails as long as 418 is support.

Alternative scenario

Below 418, expect 404 and 395.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 412.68 and 394.1606).

Supports and resistances

479 **

471 *

462 **

454

435 (USD-last)

423

418 **

404 *

395 **

Number of asterisks represents the strength of support and resistance levels.