STRYKER CORP
(SYK-NYSE):
Technical Viewpoint: From a low
of $39.74 on Oct 27, 2005 prices
rallied, reaching a
high of $45.40
on Nov 11, 2005. A
decline saw prices pull back, reaching a
low of
$42.81 on Nov 17, 2005.
Another rally saw prices penetrate
resistance, closing 12/2/05
at $46.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 2, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $44.00. Resistance: Is at $47.45.
Point & Figure: Reversed to the upside on Nov 2, 2005. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! STRYKER CORP
(SYK-NYSE) @ $47.25 Stop: Use a protective stop of $45.25.
STRYKER CORP is currently trading @ $46.31 plus $2.41 on Dec 2, 2005. Price Objective:
$58.50. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.50
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
6:1
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