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Look for Shares of Stryker Corp to Potentially Pullback after Yesterday's 1.17% Rise

By Shiri Gupta

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $215.66 to a high of $220.64. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $219.97 on volume of 320,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Stryker Corp has traded in a range of $144.75 to $222.59 and is now at $219.83, 52% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Stryker Corp and will alert subscribers who have SYK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Stryker Corp

Ticker(s): SYK