Stryker Corp (SYK) NYSE 1/29/2007

[Harry Aloof]

From Wall Street Trader's Column

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