SYK testing key resistance
Stryker Corp. (SYK) presently trading above key resistance, able to absorb weekly selling pressures.
A weekly settlement above this resistance zone would place (SYK) into a buy signal where gains of 20% would be expected over the following 3 - 5 months.
Inversely, failing to close above this resistance level on a weekly basis, or closing back below this resistance level on a weekly basis, would lead to bearish momentum where losses of 20% would be expected over the same time horizon.
A weekly settlement above this resistance zone would place (SYK) into a buy signal where gains of 20% would be expected over the following 3 - 5 months.
Inversely, failing to close above this resistance level on a weekly basis, or closing back below this resistance level on a weekly basis, would lead to bearish momentum where losses of 20% would be expected over the same time horizon.
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