Watch These Intuitive Surgical Price Levels as Stock Hits Another Record High

Core Insights - Intuitive Surgical (ISRG) shares reached a record high following the announcement of preliminary fourth-quarter and full-year revenue exceeding expectations, driven by increased demand for surgical robotics equipment [2][10] Financial Performance - The company placed 493 da Vinci surgical systems in Q4, an increase from 415 in the previous year, with procedures using the equipment growing 17% year-over-year, particularly in cancer operations [3][10] - Intuitive Surgical shares rose 0.7% to close above $584, having surged nearly 8% the previous day, and have increased 60% over the past 12 months, significantly outperforming the S&P 500's 25% return during the same period [4][10] Technical Analysis - The stock has been trading within an extended rising wedge pattern since early February last year, with recent price consolidation near the lower trendline and 50-day moving average before a significant upward movement [5][10] - An upside target of$ 650 has been projected using the measuring principle, which involves adding $70 to the top trendline of the rising wedge [7][10] - Key support levels to monitor during potential pullbacks include$ 550 and $520, with the$ 550 level expected to attract buying interest [8][9][10]