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How the (SYK) price action is used to our Advantage

Longer Term Trading Plans for SYK
  • Buy SYK slightly over 331.04 target 356.51 stop loss @ 330.08 Details
  • The technical summary data tells us to buy SYK near 331.04 with an upside target of 356.51. This data also tells us to set a stop loss @ 330.08 to protect against excessive loss in case the stock begins to move against the trade. 331.04 is the first level of support below 349.75 , and by rule, any test of support is a buy signal. In this case, support 331.04 is being tested, a buy signal would exist.

  • Short SYK slightly under 356.51, target 331.04, stop loss @ 357.54 Details
  • The technical summary data is suggesting a short of SYK as it gets near 356.51 with a downside target of 331.04. We should have a stop loss in place at 357.54though. 356.51 is the first level of resistance above 349.75, and by rule, any test of resistance is a short signal. In this case, if resistance 356.51 is being tested, a short signal would exist.

Swing Trading Plans for SYK
  • Buy SYK slightly over 354.51, target 356.51, Stop Loss @ 353.49 Details
  • If 354.51 begins to break higher, the technical summary data tells us to buy SYK just slightly over 354.51, with an upside target of 356.51. The data also tells us to set a stop loss @ 353.49 in case the stock turns against the trade. 354.51 is the first level of resistance above 349.75, and by rule, any break above resistance is a buy signal. In this case, 354.51, 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 354.51, target 348.14, Stop Loss @ 355.53. Details
  • The technical summary data is suggesting a short of SYK if it tests 354.51 with a downside target of 348.14. We should have a stop loss in place at 355.53 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, 354.51, 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 351.37, target 354.51, Stop Loss @ 350.55 Details
  • If 351.37 begins to break higher, the technical summary data tells us to buy SYK just slightly over 351.37, with an upside target of 354.51. The data also tells us to set a stop loss @ 350.55 in case the stock turns against the trade. 351.37 is the first level of resistance above 349.75, and by rule, any break above resistance is a buy signal. In this case, 351.37, 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 351.37, target 348.44, Stop Loss @ 352.19. Details
  • The technical summary data is suggesting a short of SYK if it tests 351.37 with a downside target of 348.44. We should have a stop loss in place at 352.19 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, 351.37, 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 Corporation (SYK) available here: SYK.

SYK Ratings for April 09:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 304.38
P2 348.44 348.14 331.04
P3 351.37 354.51 356.51
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AI Generated Signals for SYK

SYK Long Term Analysis for April 9 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Stryker Corporation (NYSE: SYK) data table below can help you with price action, and we have more details too. Trading plans for SYK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.