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Look for Shares of Stryker Corp to Potentially Rebound after Yesterday's 1.98% Sell Off

By Amy Schwartz

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $210.44 to a high of $220.91. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $216.61 on volume of 802,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Stryker Corp share prices have moved between a 52-week high of $223.45 and a 52-week low of $144.75 and are now trading 46% above that low price at $211.36 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Stryker Corp on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $195.95. Since that recommendation, shares of Stryker Corp have risen 10.8%. We continue to monitor SYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Stryker Corp

Ticker(s): SYK