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8 Stocks Rising on Monster Volume

Intuitive Surgical

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Intuitive Surgical (ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories. This stock is trading up 8.4% at $591.53 in recent trading.

Today's Volume: 682,000

Average Volume: 325,613

Volume % Change: 481%

Shares of ISRG are soaring today after the company reported that revenue for the first quarter was $495 million, up 28% compared to $388 million for the first quarter of 2011, driven by its da Vinci system sales.

From a technical perspective, ISRG is ripping to the upside today on heavy volume. This move has pushed the stock into all-time high territory, which means that just about everyone who has bought the stock is making money.

If ISRG can manage to close near its daily highs today, then traders should continue to look for long biased trades in the short-term. Look for continued momentum buying and short covering if ISRG can finish the day near its highs.

I also featured Intuitive Surgical earlier this week in " 5 Stocks Set to Soar on Bullish Earnings."

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