Schaeffer's Tool Box: Trading Expectations with Intuitive Surgical Inc.
2009-06-17 20:04:03 -
The Schaeffer's stock screener is a valuable tool designed to help you find stocks that meet your expectations. What's more, the screener is fine-tuned with a contrarian methodology in mind. This means that the filter is designed to help you locate stocks that are trending higher amid a wealth of investor skepticism, as well as those falling despite a heavy degree of investor optimism.
After sorting the results in descending order, according to their 60-day relative strength versus the S&P 500 Index (SPX), we arrive at several interesting prospects, including Intuitive Surgical Inc. (NASDAQ: ISRG).
The stock has outperformed the SPX by nearly 47% on a relative-strength basis, and has been targeted by negativity across the board.
Specifically, the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.08 ranks above all but 10% of such readings taken during the past year.
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Schaeffer's Investment ResearchJoseph Hargett, 513-589-3800 jhargett@sir-inc.com : mailto:jhargett@sir-inc.com