Big-Cap Health Care Winners
This company is expected to deliver its second-quarter results in the second half of July. Similar to Alexion, Intuitive has posted a string of double-digit revenue and earnings increases over the past several quarters. It's seen reporting income of $3.53 a share in the current quarter, up 21% from last year's second quarter, while revenue is expected to come in at $519.94 million, for a year-over-year gain of 22%. Intuitive Surgical beat earnings views in each of the past four quarters.
The chart shows me that this stock is nowhere near buyable at this time, as it remains below its 50-day moving average. It still needs more time to complete its consolidation before a technical buy point presents itself.