After 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! :)
$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.
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...
