Stryker's most recent trend suggests a bullish bias. One trading opportunity on Stryker is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 8.7% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $75.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Stryker is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Stryker is bullish.
The RSI indicator is at 72.64 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Stryker
8:03 am Stryker announced a definitive agreement to acquire Berchtold Holding for an enterprise value of $172 mln
Tue, 18 Feb 2014 21:57:54 GMT
Stryker to Acquire Berchtold Holding
Tue, 18 Feb 2014 21:49:58 GMT
Stryker Flexes Its Medtech Muscles
Tue, 18 Feb 2014 15:33:00 GMT
Stryker Announces Definitive Agreement to Acquire Berchtold Holding, AG
Tue, 18 Feb 2014 14:58:19 GMT
noodls – Kalamazoo, Michigan – February 18, 2014 – Stryker Corporation (NYSE:SYK) announced today a definitive agreement to acquire Berchtold Holding, AG (Berchtold) for an enterprise value of $172 million. Berchtold, …
Stryker to acquire Berchtold Holding for $172M
Tue, 18 Feb 2014 13:06:18 GMT
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