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Stryker Corporation  (NYSE:SYK)
Posted on October 27, 2011 at 04:45 AM EDT




Stryker Corporation  (NYSE:SYK)

Technical Features:

A:  Resistance around $70.
B:  Support at $45.
C:  Support at $30.
D:  Uptrend.

Technical Analysis:

Since the break of the uptrend (D), SYK has been hovering around support (B) at $45.  If SYK breaks support (B) at $45, expect a drop to support (C) at $30.  Best case is that SYK bounces between support (B) at $45 and resistance (A) around $70.

Summary:  Sell.


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