When Stryker ($SYK) Moves Investors should Listen

May 28, 2023, 15:30 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SYK

• Buy SYK slightly over 269.57 target 287.99 stop loss @ 268.79 Details

The technical summary data tells us to buy SYK near 269.57 with an upside target of 287.99. This data also tells us to set a stop loss @ 268.79 to protect against excessive loss in case the stock begins to move against the trade. 269.57 is the first level of support below 272.58 , and by rule, any test of support is a buy signal. In this case, support 269.57 would be being tested, so a buy signal would exist.

• Short SYK slightly under 287.99, target 269.57, stop loss @ 288.82 Details

The technical summary data is suggesting a short of SYK as it gets near 287.99 with a downside target of 269.57. We should have a stop loss in place at 288.82though. 287.99 is the first level of resistance above 272.58, and by rule, any test of resistance is a short signal. In this case, if resistance 287.99 is being tested, so a short signal would exist.

Swing Trading Plans for SYK

• Buy SYK slightly over 282.63, target 287.99, Stop Loss @ 281.81 Details

If 282.63 begins to break higher, the technical summary data tells us to buy SYK just slightly over 282.63, with an upside target of 287.99. The data also tells us to set a stop loss @ 281.81 in case the stock turns against the trade. 282.63 is the first level of resistance above 272.58, and by rule, any break above resistance is a buy signal. In this case, 282.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SYK slightly near 282.63, target 272.34, Stop Loss @ 283.45. Details

The technical summary data is suggesting a short of SYK if it tests 282.63 with a downside target of 272.34. We should have a stop loss in place at 283.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 282.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SYK

• Buy SYK slightly over 274.05, target 282.63, Stop Loss @ 273.41 Details

If 274.05 begins to break higher, the technical summary data tells us to buy SYK just slightly over 274.05, with an upside target of 282.63. The data also tells us to set a stop loss @ 273.41 in case the stock turns against the trade. 274.05 is the first level of resistance above 272.58, and by rule, any break above resistance is a buy signal. In this case, 274.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SYK slightly near 274.05, target 272.34, Stop Loss @ 274.69. Details

The technical summary data is suggesting a short of SYK if it tests 274.05 with a downside target of 272.34. We should have a stop loss in place at 274.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 274.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Stryker (SYK) available here: SYK.

SYK Ratings for May 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	269.57
P2	266.11	272.34	287.99
P3	274.05	282.63	306.64

AI Generated Signals for SYK

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Stryker (NYSE: SYK) report below is a real world example. Included are trading plans for SYK, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.