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Bullish Moving Average Cross by Stryker Corp (SYK)

By Shiri Gupta

Today, shares of Stryker Corp (NYSE:SYK) have crossed bullishly above their 10-day moving average of $219.04 on a volume of 116K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Stryker Corp have traded between a low of $144.75 and a high of $223.45 and are now at $220.36, which is 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Stryker Corp on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $195.95. Since that recommendation, shares of Stryker Corp have risen 11.2%. We continue to monitor SYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Stryker Corp

Ticker(s): SYK