When the Price of Stryker $SYK Talks, People Listen

October 01, 2023, 11:30 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SYK

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short SYK slightly under 284.72, target n/a, stop loss @ 285.54 Details

The technical summary data is suggesting a short of SYK as it gets near 284.72, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 285.54. 284.72 is the first level of resistance above 273.27, and by rule, any test of resistance is a short signal. In this case, if resistance 284.72 is being tested, so a short signal would exist.

Swing Trading Plans for SYK

• Buy SYK slightly over 274.88, target 284.72, Stop Loss @ 274.09 Details

If 274.88 begins to break higher, the technical summary data tells us to buy SYK just slightly over 274.88, with an upside target of 284.72. The data also tells us to set a stop loss @ 274.09 in case the stock turns against the trade. 274.88 is the first level of resistance above 273.27, and by rule, any break above resistance is a buy signal. In this case, 274.88, 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 274.88, target 265.53, Stop Loss @ 275.67. Details

The technical summary data is suggesting a short of SYK if it tests 274.88 with a downside target of 265.53. We should have a stop loss in place at 275.67 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, 274.88, 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 273.98, target 274.88, Stop Loss @ 273.34 Details

If 273.98 begins to break higher, the technical summary data tells us to buy SYK just slightly over 273.98, with an upside target of 274.88. The data also tells us to set a stop loss @ 273.34 in case the stock turns against the trade. 273.98 is the first level of resistance above 273.27, and by rule, any break above resistance is a buy signal. In this case, 273.98, 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 273.98, target 265.53, Stop Loss @ 274.62. Details

The technical summary data is suggesting a short of SYK if it tests 273.98 with a downside target of 265.53. We should have a stop loss in place at 274.62 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, 273.98, 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 October 01:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	284.72
P2	263.10	265.53	304.69
P3	273.98	274.88	324.47

AI Generated Signals for SYK

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Stryker (NYSE: SYK) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SYK can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.