ISRG (Intuitive Surgical Inc) offers an objective short entry here on the backtest of this ascending price channel (white parallel lines) following the recent breakdown below the bearish rising wedge pattern/yellow uptrend line.
ISRG daily Oct 20th
The current final target is T2 at 612.35 with a potential third target that may be added depending on how the charts of ISRG, the medical device sector (IHI) and the broad markets play out going forward. The maximum suggested stop is a daily close above 706.90 and a suggested beta-adjustment of 0.9. Intuitive Surgical was one of several stocks recently highlighted in the recent Medical Device Sector Analysis & Trade Ideas video.