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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.50
Risk/Reward:
$2.50 VS. $19.38
Risk/Reward Ratio:
8:1
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