Intuitive Surgical Inc

Last Thursday we mentioned that ISRG was about to test the support of an important trendline, which if broken, would be a sign of a move lower. As you can see from the chart below, the bears forcefully pushed the price of ISRG below the trendline, and now our short-term target of $87 is looking like it may have a chance. We'll keep a bearish outlook on this stock until it is able to get back above the broken trendline.