Shares of Stryker Rise to a New 52-Week High
Shares of Stryker (NYSE:SYK) traded today at $119.02, breaking its 52-week high. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
Based on a current price of $118.91, Stryker is currently 8.9% 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.
Stryker share prices have moved between a 52-week high of $119.02 and a 52-week low of $86.68 and are now trading 37% above that low price at $118.91 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.
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 27.5%. 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