During Wednesday's "Mad Money," a caller asked host Jim Cramer about Intuitive Surgical (ISRG) .
"I like Intuitive Surgical very much. I say buy, buy, buy," was Cramer's response.
Let's check out the charts of ISRG.
In this daily bar chart of ISRG, below, we can see an uptrend over the past 12 months. Prices are trading above the rising 50-day moving average line and the rising 200-day line. The On-Balance-Volume (OBV) line shows a long and steady rise the past year telling us that buyers of ISRG are more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is bullish.
In this weekly Japanese candlestick chart of ISRG, below, we can see a strong rally from the pandemic low. Prices are in an uptrend above the rising 40-week moving average line but not extended (overbought). The OBV line and the MACD oscillator are bullish.
In this daily Point and Figure chart of ISRG, below, we can see that prices have reached and exceeded a price target in the $958 area.
In this weekly Point and Figure chart of ISRG, below, we can see a $1,270 price target.
Bottom line strategy: Aggressive traders with deep pockets could go long ISRG on a shallow dip or pullback risking to $975. the $1,270 area is our price target.