ISRG: You had your chances in this. Window is shutting downThey were hurt by hospitals packed with Covid patients. This year it will be different. But again this is fundamental approach. Focus on technicals and nothing else if you want to make it in this line of business. Trust me when I say this.
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ISRG trade ideas
ISRG LONG with options play as well for weekly 9/18 option. 1. MONTHLY: BUY ZONE; Fibonacci shows barely broke above 0.382 level ($730) and next stop is $970. Could see some resistance at $730 level. THEREFORE, BULLISH in BUY ZONE with possible pullback to $688 at current fib level OR push past to $970.
2. DAILY: BUY ZONE; At a counter-trend line so great time to enter. Support at $688 and should reach $731. If breaks 731, will eventually go to $970. THEREFORE, BUY ZONE at RIGHT TIME TO BUY.
IDEA for 9/17/20: short unhedged ATM straddle. Will sell 1 short ATM call and sell 1 short ATM put. This bought/held from Thursday to friday has won 6 of last 7 weeks w/ historical avg return of about 50%. Expecting that the bullish action expected should make this a winning trade this week as well.
$ISRG $720 Price target for Intuitive Surgical Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.