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Bullish Moving Average Cross by Stryker (SYK)

By David Diaz

Stryker (NYSE:SYK) shares have crossed bullishly above their 10-day moving average of $114.64 on a volume of 313K 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 have traded between a low of $86.68 and a high of $116.42 and are now at $116.42, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Stryker on January 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.19. Since that recommendation, shares of Stryker have risen 22.7%. We continue to monitor SYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Stryker

Ticker(s): SYK