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SmarTrend Watching for Potential Pullback in Shares of Stryker Corp After 2.35% Gain

By Nick Russo

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $159.60 to a high of $162.31. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $160.08 on volume of 437,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Stryker Corp share prices have been bracketed by a low of $106.48 and a high of $170.00 and are now at $162.20, 52% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.81% higher over the past week, respectively.

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