da Vinci Code Cracked: Relative Strength Breakout!

Intuitive Surgical Inc. ISRG is an American corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. The da Vinci Surgical System allows surgery to be performed using robotic manipulators.

The price action on a weekly chart appears to be forming a 4 year base; if it is resolved to the upside, it should lead to some gains for this Medical Equipment maker!

It’s hard not to look at the symbol $ISRG without the acronym “I surge” coming to mind…that is if it can breakout of this base! We’re not there yet.

Relative to the S&P 500 (INDEXSP:.INX) , it has already moved ahead, with follow through to last weeks breakout. Bring on the Bots!

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This was originally shared on Captain John Charts 'The Hammer Report'