Stryker Bullish Moving Average Crossover Alert (SYK)
Today, shares of Stryker (NYSE:SYK) have advanced above their 10-day MA of $116.11 on a volume of 315K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Stryker share prices have been bracketed by a low of $86.68 and a high of $118.65 and are now at $117.21, 35% 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 24.4%. We continue to monitor SYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Stryker