Intuitive Surgical may rise to 470.00 - 479.00

Our pivot point is at 419.

Our preference

The upside prevails as long as 419 is support.

Alternative scenario

The downside breakout of 419 would call for 405 and 396.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 419.1905 and 397.7602).

Supports and resistances

487 **

479 *

470 **

461

442.31 (USD-last)

425

419 **

405 *

396 **

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