Robotic Surgeons Stitch out a Triple Top Breakout to All Time Highs.

John Butcofski & Kimberly Swartz
Captain John Charts

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 has now made a NEW ALL TIME HIGH.

In January 2016 the price action on a weekly chart appeared to be forming a 4 year base with a large Inverted Head and Shoulder Pattern (Bullish) and relative to the S&P 500 it had already moved ahead with a breakout.

Flash forward to now; it's at a new 52 week high and on a Monthly chart we have closed above the neckline of a Bullish Head and Shoulder continuation pattern. Remember, that Bulkowski suggests when stocks climb to new highs, they have no overhead resistance and those stocks averaged gains of 65%. Their performance over time (without resistance) within 3 months of the top of the chart pattern, showed gains averaging 55%. 
 

Measuring the distance from the Head to the middle of the Neckline on the Monthly Chart below, suggests an upside move into the mid 800 area. Notable is the options activity on the $600 strike call options expiring April 15, 2016. We would sure hate to be short this name as the technical's suggest we are up for some Bullish action ahead. 

The Weekly Chart of ISRG Relative to the S&P500 shows great Relative Strength and a breakout of a Bullish triangle.
P.S. Shorts; the Point and Figure Chart shows a Triple Top Breakout and suggests a vertical price objective of 779!