Nov. 13 at 12:56 AM
$ISRG is currently trading at
$570.93, showing a strong upward momentum with an RSI of 68.48, indicating it is nearing overbought territory. The price is above both the 30-day MA of 495.5 and the 50-day MA of 475.99, suggesting a bullish trend. However, the RSI indicates caution as it approaches overbought levels, which may lead to a pullback.
Given the 60-day high of
$579.22, a potential entry point could be set at
$572, slightly above the current price to confirm bullish momentum. A stop loss can be placed at
$556.78, just below the recent support level and ATR to manage risk.
Targets should be set at
$579.22 (60D High) and
$585, providing potential upside while considering the recent high. Monitor RSI for signs of reversal or further strength.
In summary:
- Entry:
$572
- Stop:
$556.78
- Targets:
$579.22,
$585
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