napatrader

$SYK moving higher again?

Long
NYSE:SYK   Stryker Corporation
NYSE:SYK

Strong company in a competitive sector. Traded in the 220s in the middle of last year. Gapped down after an earning's miss. Then, it's been trading in two consecutive bull rectangles that has lifted the price closer to previous highs. Some analysts have PTs in the 220-230s. Looking for a pop over an old pivot point to continue higher. Maybe it trades sideways or in another bullish rectangle until a late April earnings report sets it over the top.
Order cancelled: Just watching this one waiting for a good entry point. Never reached a level for me to take a chance. Luckily, I did not opened any positions as the market took another good name with it. I still like this company, but will wait for a bottom before considering.
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