Harry Aloof
01-30-2007, 05:59 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
STRYKER CORP (SYK-NYSE): Technical Viewpoint: From a low of $54.62 on Dec 22, 2006 prices rallied, reaching a high of $59.34 on Jan 12, 2007. A decline saw prices pull back, reaching a low of $57.66 on Jan 23, 2007. Another rally saw prices penetrate resistance line "A", closing 1/26/07 at $60.81. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 26, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $55.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Dec 4, 2006. A P&F downside reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! STRYKER CORP (SYK-NYSE) @ $61.13 Stop: Use a protective stop of $58.63. STRYKER CORP is currently trading @ $60.81 plus $1.97 on Jan 26, 2007.
Price Objective: $72.50.
Risk/Reward: $2.50 VS. $11.37.
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2115-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
STRYKER CORP (SYK-NYSE): Technical Viewpoint: From a low of $54.62 on Dec 22, 2006 prices rallied, reaching a high of $59.34 on Jan 12, 2007. A decline saw prices pull back, reaching a low of $57.66 on Jan 23, 2007. Another rally saw prices penetrate resistance line "A", closing 1/26/07 at $60.81. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 26, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $55.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Dec 4, 2006. A P&F downside reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! STRYKER CORP (SYK-NYSE) @ $61.13 Stop: Use a protective stop of $58.63. STRYKER CORP is currently trading @ $60.81 plus $1.97 on Jan 26, 2007.
Price Objective: $72.50.
Risk/Reward: $2.50 VS. $11.37.
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2115-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)