Today's Volume: 471,000
Average Volume: 236,478
Volume % Change: 205%

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From a technical perspective, PMC is spiking sharply higher here right above its 50-day at $13.76 and its 200-day at $13.72 with heavy upside volume. This move is quickly pushing shares of PMC within range of triggering a major breakout trade. That trade will hit if PMC manages to take out some near-term overhead resistance levels at $14.81 to $15.29 and then once it clears more resistance at its 52-week high of $15.42 with high volume.

Traders should now look for long-biased trades in PMC as long as it's trending above $14 or above some near-term resistance at $14.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 236,478 shares. If that breakout triggers soon, then PMC will set up to enter new 52-week high territory above $15.42, which is bullish technical price action. Some possible upside targets off that breakout are $16.50 to $20.

Intuitive Surgical

Intuitive Surgical ( ISRG) designs, manufactures and markets da Vinci Surgical Systems, EndoWrist instruments, and surgical accessories. This stock is trading up 4.8% at $501.54 in recent trading.

Today's Volume: 559,000
Average Volume: 506,879
Volume % Change: 63%

Shares of ISRG are ripping higher today after the company won the first of more than two dozen lawsuits filed by patients and families.

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From a technical perspective, ISRG is bouncing higher here right off its 50-day moving average at $490.56 with above-average volume. This move is quickly pushing shares of ISRG within range of triggering a major breakout trade. That trade will hit if ISRG manages to take out some near-term overhead resistance levels at $511.79 to $515.73 and then once it clears its 200-day moving average at $515.97 with high volume.

Traders should now look for long-biased trades in ISRG as long as it's trending above its 50-day at $490.56 and then once it sustains a move or close above those breakout levels with volume that hits near or above 506,879 shares. If that breakout triggers soon, then ISRG will set up to re-test or possibly take out its next major overhead resistance levels at $550 to $560.

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