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Watch for Continued Gains in Shares of Stryker Corp (SYK)

By Shiri Gupta

Shares of Stryker Corp (NYSE:SYK) traded at a new 52-week high today of $203.20. This new high was reached on below average trading volume as 144,000 shares traded hands, while the average 30-day volume is approximately 967,000 shares.

Stryker Corp (NYSE:SYK) is currently priced 11.6% above its average consensus analyst price target of $179.59. The stock should discover initial support at its 50-day moving average (MA) of $188.72 and subsequent support at its 200-day MA of $177.87.

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.

Stryker Corp share prices have moved between a 52-week high of $203.20 and a 52-week low of $144.75 and are now trading 40% above that low price at $203.20 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.11% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Stryker Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Stryker Corp in search of a potential trend change.

Keywords: 52 week high/lows Stryker Corp

Ticker(s): SYK