BUY! STRYKER CORP (SYK) NYSE

  Report No. 1602    Analysis by: Harry Aloof     SEPTEMBER 18, 2002

STRYKER CORP (SYK-NYSE): Technical Viewpoint: From a low of $43.85 on Jul 24, 2002 prices rallied, reaching a high of $59.15 on Sep 11, 2002. A decline saw prices pull back, reaching a low of $56.75 on Sep 13, 2002. Another rally saw prices penetrate resistance, closing 9/17/02 at $59.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 8, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $57.50. Resistance: Is at $63.00. Point & Figure: Reversed to the upside on Sep 9, 2002. A P&F upside reversal takes place at $57.75. Summary: Technical indicators have turned bullish. BUY! STRYKER CORP (SYK-NYSE) @ $60.13 Stop: Use a protective stop of $57.63. STRYKER CORP is currently trading @ $59.55 plus $0.75 on Sep 17, 2002. Price Objective: $79.50. Risk/Reward: $2.50 VS. $19.38. Today's Risk Reward Ratio: 8:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$79.50 Risk/Reward:
$2.50 VS. $19.38 Risk/Reward Ratio:
8:1
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