DEC19 2356EST. Intuitive Surgical (ISRG) experienced a pronounced sell-off today, declining 7 percent intraday before rebounding somewhat to close down 5.7 percent. Volume in the NASDAQ-100 component was a full 6 times greater than its average daily turnover.
Remarkably, today's intraday low of approximately $508 coincided quite precisely with the support trendline of a 5-month price channel, shown below in dashed red.
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| ISRG. July 10, 2012 to present. Hourly candles. |
