Sorry about the late post. But on Monday, ISRG gapped up and proceeded to lose its gain rapidly. By the time I got around to checking the stock price in the morning, it was down around $2.00 from the previous close. Looking at the indicators on the weekly chart, I concluded that a pull back was imminent and proceeded to close out my position at a loss around 347.70 or so. The stock has continued to struggle since then and is currently around 336.60. I am expecting it to drop to around 320 but it is currently at a potential support level. Indicators are still headed lower so I will wait and see if an opportunity presents itself to reestablish the position.
Earnings should be coming out soon. So I would expect the stock to drop then rally before earnings.
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