Stryker (SYK) Offering Possible 14.94% Return Over the Next 22 Calendar Days

Stryker's most recent trend suggests a bullish bias. One trading opportunity on Stryker is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 14.94% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $8.70 would be incurred if the stock dropped below the $160.00 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 55.79 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Stryker

At US$185, Is It Time To Put Stryker Corporation (NYSE:SYK) On Your Watch List?
Tue, 21 Apr 2020 19:08:23 +0000
Today we're going to take a look at the well-established Stryker Corporation (NYSE:SYK). The company's stock saw a…

Fund managers looking at medical tests, Europe, for signs U.S. economy can reopen
Wed, 15 Apr 2020 19:26:16 +0000
Some investors are wary about buying into a recent stock market rally. “The market seems to be pricing in a light switch reopening in May or June, and it's more likely to be a slow, staggered reopening that will cause more economic damage the longer the shutdown lasts,” said David Lafferty, chief market strategist at Natixis Investment Managers.

Stryker to host conference call on April 30, 2020
Thu, 09 Apr 2020 14:30:10 +0000
Kalamazoo, Michigan, April 09, 2020 — Stryker (NYSE:SYK) announced that it will host a conference call on Thursday, April 30, 2020 at 4:30 p.m., Eastern Time, to discuss the.

Here's Why You Should Hold on to Stryker (SYK) Stock Now
Tue, 07 Apr 2020 12:19:12 +0000
Stryker (SYK) continues to benefit from strength in its robotic-arm assisted surgery platform – Mako, broad product portfolio and solid international growth. However, pricing pressure raises concern.

The Zacks Analyst Blog Highlights: SYK, SHOP, ATVI, TRP and DG
Thu, 02 Apr 2020 16:34:04 +0000
The Zacks Analyst Blog Highlights: SYK, SHOP, ATVI, TRP and DG

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