The Chart of the Day belongs to the medical instrument and supply company Intuitive Surgical (ISRG) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 7/22 the stock gained 3.92
Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung. It also provides a suite of stapling, energy, and core instrumentation for its multi-port da Vinci surgical systems; progressive learning pathways to support the use of its technology; infrastructure of service and support specialists, a complement of services to its customers, including installation, repair, maintenance, 24/7 technical support, and proactive system health monitoring; and integrated digital capabilities providing connected offerings, streamlining performance for hospitals with program-enhancing insights. The company sells its products through direct sales organizations, such as capital and clinical sales teams. It has a collaboration agreement with FluoGuide A/S for head & neck cancer. The company was incorporated in 1995 and is headquartered in Sunnyvale, California.
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Barchart Technical Indicators:
- 100% technical buy signals
- 61.04+ Weighted Alpha
- 1.39 - 60 month Beta
- 61.97% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 9.20% in the last month
- Relative Strength Index 62.33%
- Technical support level at $474.96
- Recently traded at $476.91 with 50 day moving average of $451.35
Fundamental Factors:
- Market Cap $170 billion
- P/E 97.90
- Revenue expected to grow 13.50% this year and another 16.00% next year
- Earnings estimated to increase 16.30% this year, an additional 15.40% next year and continue to compound at an annual rate of 14.08% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 14 strong buy, 8 buy, 8 hold and 1 strong sell opinion on the stock
- Analysts' price targets are between $285 and $560 with a consensus of $483
- Value Line gives the stock its above average rating of 2 with price targets between $388 and $694 and a mid-point of $541 for a 15% increase
- CFRAs MarketScope rates the stock a 3 star hold with a price target of $483
- MorningStar rates the stock a below average 1 star with Fair Value at $265 or 80% over valued
- 83,930 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
