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SmarTrend Watching for Potential Rebound in Shares of Stryker Corp After 6.47% Loss

By Amy Schwartz

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $198.25 to a high of $200.61. Yesterday, the shares fell 6.5%, which took the trading range below the 3-day low of $198.68 on volume of 357,000 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 38% above that low price at $199.50 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Stryker Corp on October 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $209.45. Since that call, shares of Stryker Corp have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Stryker Corp

Ticker(s): SYK