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Shares of Stryker Rise to a New 52-Week High

By Amy Schwartz

Stryker (NYSE:SYK) traded at a new 52-week high today of $133.44. This new high was reached on below average trading volume as 87,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

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, Stryker share prices have been bracketed by a low of $86.68 and a high of $133.44 and are now at $133.37, 54% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

Stryker (NYSE:SYK) defies analysts with a current price ($133.37) 1.8% above its average consensus price target of $130.95. 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.

SmarTrend recommended that subscribers consider buying shares of Stryker on November 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $115.82. Since that recommendation, shares of Stryker have risen 14.5%. 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

Ticker(s): SYK