When (SYK) Moves Investors should Listen

September 17, 2024, 06:08 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SYK

• Buy SYK slightly over 363.64 target 386.45 stop loss @ 362.59 Details

The technical summary data tells us to buy SYK near 363.64 with an upside target of 386.45. This data also tells us to set a stop loss @ 362.59 to protect against excessive loss in case the stock begins to move against the trade. 363.64 is the first level of support below 371.96 , and by rule, any test of support is a buy signal. In this case, support 363.64 is being tested, a buy signal would exist.

• Short SYK slightly under 386.45, target 363.64, stop loss @ 387.57 Details

The technical summary data is suggesting a short of SYK as it gets near 386.45 with a downside target of 363.64. We should have a stop loss in place at 387.57though. 386.45 is the first level of resistance above 371.96, and by rule, any test of resistance is a short signal. In this case, if resistance 386.45 is being tested, a short signal would exist.

Swing Trading Plans for SYK

• Buy SYK slightly over 373.63, target 386.45, Stop Loss @ 372.55 Details

If 373.63 begins to break higher, the technical summary data tells us to buy SYK just slightly over 373.63, with an upside target of 386.45. The data also tells us to set a stop loss @ 372.55 in case the stock turns against the trade. 373.63 is the first level of resistance above 371.96, and by rule, any break above resistance is a buy signal. In this case, 373.63, 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 373.63, target 366.94, Stop Loss @ 374.71. Details

The technical summary data is suggesting a short of SYK if it tests 373.63 with a downside target of 366.94. We should have a stop loss in place at 374.71 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, 373.63, 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 373.63, target 375.44, Stop Loss @ 372.76 Details

If 373.63 begins to break higher, the technical summary data tells us to buy SYK just slightly over 373.63, with an upside target of 375.44. The data also tells us to set a stop loss @ 372.76 in case the stock turns against the trade. 373.63 is the first level of resistance above 371.96, and by rule, any break above resistance is a buy signal. In this case, 373.63, 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 373.63, target 371.28, Stop Loss @ 374.5. Details

The technical summary data is suggesting a short of SYK if it tests 373.63 with a downside target of 371.28. We should have a stop loss in place at 374.5 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, 373.63, 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.

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

SYK Ratings for September 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	339.46
P2	371.28	366.94	363.64
P3	375.44	373.63	386.45

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 Corporation (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.