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Stryker Corp Rises 2.43% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $204.56 to a high of $216.88. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $211.84 on volume of 382,000 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, shares of Stryker Corp have traded between a low of $144.75 and a high of $222.59 and are now at $216.40, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

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