Stryker consolidated, now time for the drop!!After consolidating in the 260s this one is ready for the next leg down! 250 is a conservative number but I believe it will end up in the 230 area.
0R2S trade ideas
SYK Stryker Corporation could rise to $280In my analysis, I use three layers:
fundamental
sentiment
technical
Fundamentally, the company is doing well: revenue and net profit are growing.
Sentiment: Most analysts are leaning towards the stock rising to $283.
Technical analysis: the price is at the lower border of the Bollinger Bands. She spent several days in consolidation. This is indicated by the increased volume. We are expecting growth.
Recommendations:
Buy above 250$
Stop order at $237
Profit target $275
SYK offering a pocket pivot entry!* Excellent earnings
* Very strong up trend
* Very high 3-month relative strength in the Healthcare sector
* Pocket pivot occurred on the right side of the basing pattern with high volume
* Steady increase in price shows tonnes of institutional demand
Trade Idea:
* Now's the perfect time to get in as recent volume is indicating institutional interest
* The entry from here has very little to no overhead resistance
* Price closed above $274.69 which puts more probability in our favor of the price going higher
* A daily close below $274.69 would expose $266.76 as the next level of support
SYK breaking out once again with higher volume!* Exceptional earnings year over year
* Very strong up trend
* Breaking out of a 4 month consolidation period with 63.09% more volume than average
* Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well!
* Probable ROI is 12.98% if the trade goes in our favor
Trade Idea:
* This is a great time to get in as it's breaking out for the second time after using the $268 area as support that made a higher low!
Trade Setup: Buy/Long Stryker CorpWe discussed the healthcare including the medical device sector last week (see attached post). SYK was one of the names and today it is making a second attempt to break above the consolidation range. Might be worth a swing long to +$290.
Last: $271.53
Stop: $263.30
Note, sector strength can also be seen in Medtronic Plc (MDT).
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SYK 7.5%Entry at $252.45 (long term resistance + BB touch with stochastic/RSI confirmation)
TP at $271.48
Stop at $247.48 (ST resistance)
SYK - 8.74% Profit Potential - Bullish PennantBullish Pennant formed on a 1-year bull run.
Great risk-reward ratio and target set at a potential formation of a 3-year resistance line.
- Target Entry $251.97
- Target Stop Loss $246.26
- Target Exit $280.85
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
$SYK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SYK after a Positive over reaction following its earnings release placing the stock in drift B
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great uptrendbut look for a test of the bottom trendline, looks like its hitting resistance after the big gap up. either wait for a confirmation of more 52w highs or get in on a dip :) gl !
Ending CorrectionIt seems that the hammer with the little stick may be a still valid temporary bottom.
STRYKER CORP NYSE SYKuptrend closeup 203.00
1 target 208.00
2 target 225.00
3 target 260.00
4 target 288.00
LONG SYK - Bull PennantCould wait for confirmation, but I prefer to buy at support (bottom of pennant, so I can set a tight stop) and sell if there's major resistance at top of pennant, but I'm expecting a breakout to upside.
Stryker breaks out of downtrend channelAfter consolidating for the last weeks, Stryker finished above the downward trend channel today.
MACD with positive crossing in 4-hour chart.
RSI crosses 50.0 and turns into possible buy area.
Waiting for confirmation and/or retest of channel top + volume.
Interested to hear your opinions! :)
STRYKER CORP IDEAHey traders, STRYKER CORP is a very interesting moment, sign of a certain increase in buyers' return, touch on the trend support. the question is whether they can break the consolidation zone.
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STRYKER $SYK cleared the Fib 0.618$SYK is breaking out the fibonacci 0.618. It is also important to close above the last high $190.72. RSI is still challenging with last high. needs more volume.
short to buy level at weekly timeframe by put option to $57short to buy level at weekly timeframe by put option to $57
