SSS - Intuitive Surgical (ISRG)

Published : October 10 2012 at 11:20 ET

ISRG broke down thru its 50-day moving average yesterday and has bounced this morning up towards the line. The stock looks ready to embark on a third leg down in its overall pattern, and so we view it as shortable using the 50-day line at around 50, plus another 1-3% depending on one's risk preferences. as your upside stop. Downside targets are at 481.26, the recent September low, with the July low of 467.26 coming into play after that.

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