Jul. 22 at 7:01 PM
$ISRG $ISRG it should have lifted the floor instead today went right back to it and breached to a 52 week low. Stock tried to climb and got smacked back down hard
There are big red candles that take out chunks of price and aside from the open, no big green candles. Sellers show strength, so far no buyer strength.
Part of this maybe drift due to
$JNJ robot news today. Becuase this has to be institutional selling. They hold most the shares. And institutions were adding price would rise. Add in
$ISRG potentially buying soem shares and it would rocket.
But its not. Its trying to keep its head above water. This points to institutional distribution and thr company not taking steps to support the floor, or if so its bot effective enough to drive a reversal
