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Recent 52-Week High Exceeded in Shares of Stryker (SYK)

By Shiri Gupta

Stryker (NYSE:SYK) traded today at a new 52-week high of $120.22. This new high was reached on below average trading volume as 140,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Stryker (NYSE:SYK) is currently priced 9.8% above its average consensus analyst price target of $108.29. The stock should find initial support at its 50-day moving average (MA) of $106.63 and further support at its 200-day MA of $99.25.

Stryker Corporation develops, manufactures, and markets specialty surgical and medical products. The Company's products include implants, biologics, surgical, neurologic, ear, nose & throat and interventional pain equipment, endoscopic, surgical navigation, communications and digital imaging systems, as well as patient handling and emergency medical equipment.

In the past 52 weeks, shares of Stryker have traded between a low of $86.68 and a high of $120.22 and are now at $120.11, which is 39% 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 28.6%. We continue to monitor SYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Stryker

Ticker(s): SYK