Intuitive Surgical (ISRG) was trading lower Friday as traders react to disappointing guidance. ISRG was already pointed down so let's check and see how far shares may decline.




Intuitive Surgical (ISRG) was trading lower Friday as traders react to disappointing guidance. ISRG was already pointed down so let's check and see how far shares may decline.
Many tech valuations are now back to 2016 or 2017 levels, and quite a few contrarian indicators point to extreme bearishness.
No one trusts a bounce to last at this point, and they simply are hoping for some relief from the unpleasant action.
APD got a "Buy" recommendation, but my analysis doesn't jibe.
Here's our updated bullish strategy on PXD.
Investors can measure out their long positions at these levels.
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