Health Care/ Health Care Equipment Company announced 2Q earnings last week which exceeded expectations -it managed to increase gross margin by eliminating distributors and sell more directly. In 2019 Expected revenue +16.5%, EPS + 14.3%, EBITDA margin +3.4 p.p. (38.5%) In 2020 Expected revenue +23.1%, EPS + 13.7%, EBITDA margin -0.5 p.p. (38.0%) 12M Tgt Px is...
Stopped on the .618 retrace today but looks like it'll complete the inv H&S pattern to around 550... where: - there's tons of resistance from last winter's tops - Elliot wave theory says wave 3 cannot be the shortest wave. Meaning wave 5 will max out at 552.50 - Reversing at around 550 would paint a three drives pattern
Between the healthcare dump, earnings, and recent corrective wave in broader markets, this stock has weathered the storm and looks ready to move up. Whether it's a wave 3 or C, this looks headed for the 50DMA / .5-.618 retrace / on the bullish shark. Those shark fib ratios are spot on... I'm buying the dip all the way to 545.
Negative Volume accelerated from possible earnings forecast downgrade. Stay away until accumulation. RSI / Stochastic Top Divergence MACD Crossover to downside.
INTUITIVE SURGICAL has seen a very intense sell off in recent days which does no breed confidence coming into earnings. With a current p/e ratio of 55 the stock is quite expensive but has the catalyst of growth to power it higher. We think it is to risky to long into earnings so maybe see what happens before initiating any position.
So far this is still bullish. Wave 3-4 possibly was completed and we are heading into the last bull cycle for ISRG. Before the glorious crash and burn ABC Not much to add here, just look for a possible double top here, if market goes sour. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible...
no distribution really on this drop. Breakout of channel implies a 0.5 shark retrace. Target 544.50.
As you can see it is a reverse head and shoulder, although the whole deal with JNJ just happened ISRG is a great company and definitely a store guy IMO it has some big supports and resistances. SHORT TERM SUPPORTS: $535/526 SHORT TERM RESISTANCES: $536.95 and 543 and $547 Needs to stay above $537 to go up
Check the chart and you'll see no less than 5 diff H&S patterns going both ways in the past several months... Expecting this one to play out as well. The yellow line is the daily 200DMA, expecting this to retest that before moving back down in a mid-late jan selloff as the broader market retests the xmas lows. Risk is definitely to the upside on this trade tho so...
As previously discussed if ISRG closed below the blue support line it should have been shorted. Now it is time to ride back up as it retraces. I believe this stock still has a lot to lose but learn to play both sides.
ISRG has been a reliable money maker on both sides of the game. If ISRG is looking to close below the blue support line I am looking to buy some PUTS, if it closes above I will buy some calls. Either or, watch this one close tomorrow. This is the perfect play for a swing trader.
Intuitive Surgical Inc., under the Medical Instruments and Supplies industry, has had strong growth over the past 3 years but it is now facing the risk of a topping formation. The topping pattern is near the phase where a completed top could occur and then downside action would include sell short professionals and sell short HFTs. Support doesn’t kick in strongly...
ISRG is a growth machine over the last few years. The stock is still in a long-term uptrend as it is trading near the 200 dma.
The price is starting to fall. It's under the 30 MM. Sell.