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After Yesterday's Decline of 1.19%, Stryker Corp Offers Investors Better Value

By Nick Russo

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $214.95 to a high of $218.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $215.04 on volume of 330,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Stryker Corp share prices have been bracketed by a low of $144.75 and a high of $223.45 and are now at $215.42, 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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 11.2%. 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