STRYKER CORP
(SYK-NYSE):
Technical Viewpoint: From a low
of $54.62 on Dec 22, 2006 prices
rallied, reaching a
high of $59.34
on Jan 12, 2007. A
decline saw prices pull back, reaching a
low of
$57.66 on Jan 23, 2007.
Another rally saw prices penetrate
resistance, closing 1/26/07
at $60.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 26, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 4, 2006. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! STRYKER CORP
(SYK-NYSE) @ $61.13 Stop: Use a protective stop of $58.63.
STRYKER CORP is currently trading @ $60.81 plus $1.97 on Jan 26, 2007. Price Objective:
$72.50. Risk/Reward: $2.50 VS. $11.37. Today's Risk Reward Ratio: 4:1
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