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Bullish Moving Average Cross by Stryker Corp (SYK)

By David Diaz

Stryker Corp (NYSE:SYK) shares have crossed bullishly above their 10-day moving average of $211.77 on a volume of 174K 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 $222.59 and are now at $212.50, which is 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

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 7.1%. 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