There are lots of reasons to like the maker of the revolutionary Da Vinci robotic surgical appliance. They dominate their field with a unique product that produces solid profits. The company has seen 3 weeks of tight closes indicating institutional support at these price levels. Support has come in at the 200 day moving average line. Earnings per share were up 194% in the latest quarter on a 74% increase in sales. Looking for accumulation on volume as it forms the right side of a cup or potential double-bottom. RS line stable at 87. EPS rank 99 (the highest rating by Ibd).
INTUITIVE SURGICAL
EPS Growth Sales Gr.
Q1 2010: 194% 74%
Q4 2009: 54% 40%
Q3 2009: 14% 19%
Earnings Forecasts
Q3 2010: +25%
2010: +43%
2011: +21%
Return on Equity - 17%
3-5 Year Gr. Rate - 44%
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StockTradingMaster 1 year ago
This is a fourth stage base. It isn't guaranteed to fail, but statistics say it has an 80% failure rate. The same goes for the fourth stage base on BIDU, whcih was also posted today. Of course, a lot will have to do with the direction of the major indices. However, other stocks with excellent technicals and fundamentals are already breaking out. Unless you already have a big cushion in these stocks from buying them on earlier bases, buying this potential breakout is too risky.
jmackel 1 year ago