• Return to Headlines

Watch for Stryker Corp to Potentially Rebound After Falling 1.98% Yesterday

By James Quinn

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.

Over the past year, Stryker Corp has traded in a range of $144.75 to $223.45 and is now at $211.36, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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