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Stryker Corp: 52-Week High Recently Eclipsed (SYK)

By Amy Schwartz

Stryker Corp (NYSE:SYK) traded at a new 52-week high today of $193.69. This new high was reached on below average trading volume as 355,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Stryker Corp share prices have moved between a 52-week high of $193.69 and a 52-week low of $144.75 and are now trading 34% above that low price at $193.69 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

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

Based on a current price of $193.69, Stryker Corp is currently 7.3% above its average consensus analyst price target of $179.59. Stryker Corp shares have support at the 50-day moving average (MA) of $176.46 and additional support at the 200-day MA of $171.20.

SmarTrend recommended that subscribers consider buying shares of Stryker Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $158.02. Since that recommendation, shares of Stryker Corp have risen 22.4%. 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 Corp

Ticker(s): SYK