Buy: ISGR (305.5) Recent daily consolidation suggests potential upside action

Rationale: After surging strongly higher on February 1st '08, ISRG has consolidated as evidenced by a sagging ADX (see blue arrow) with sideways price action. However, after hitting momentum highs the daily MACD has pulled back. Expect some sort of breakout from these levels as price expands from recent tightening.

Strategy: Look for a entry breakout above $312.90.

Target: $340

Stop: 292